Revolution Medicines: An Expensive Shot At A Massive Market Opportunity [Seeking Alpha]
Revolution Medicines, Inc. (RVMD)
Company Research
Source: Seeking Alpha
The company is pioneering a unique precision-based approach to developing oncology drugs that target the RAS pathway. Revolution's pipeline includes multiple drug candidates in clinical development, with promising early results in lung cancer and pancreatic cancer. Pivotal studies are planned, although this remains a tricky field in which to develop drugs - both Amgen's Lumakras and Mirati Therapeutics Krazati, which both target KRAS, have struggled commercially. Revolution feels a little overvalued given the tangible risks in play, however if I were a shareholder, I'd be keen to see what value may be unlocked in later stage studies. Investment Overview Redwood, California-based Revolution Medicines ( NASDAQ: RVMD IPO'd in February 2020, raising ~$238m via the issuance of ~14m shares priced at $17 per share. Across the past 4 years, although none of the specialist drug developer's active programs have progressed beyond the Phase 1 clinical study stage, Revolution's share
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RVMD
News
- Revolution Medicines, Inc. (NASDAQ: RVMD) had its price target raised by analysts at Oppenheimer Holdings Inc. from $43.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
- Aptevo Therapeutics, TRACON Pharmaceuticals, BioSig Technologies among healthcare movers [Seeking Alpha]Seeking Alpha
- Revolution Medicines, Inc. (NASDAQ: RVMD) was upgraded by analysts at Raymond James from an "outperform" rating to a "strong-buy" rating. They now have a $48.00 price target on the stock, up previously from $36.00.MarketBeat
- Revolution Medicines Announces Publication on the Discovery of and Translational Research for RMC-6236, an Investigational RAS(ON) Multi-Selective Tri-Complex Inhibitor Designed to Block Full Spectrum of Oncogenic RAS(ON) Proteins [Yahoo! Finance]Yahoo! Finance
- Revolution Medicines Announces Publication on the Discovery of and Translational Research for RMC-6236, an Investigational RAS(ON) Multi-Selective Tri-Complex Inhibitor Designed to Block Full Spectrum of Oncogenic RAS(ON) ProteinsGlobeNewswire
RVMD
Earnings
- 2/26/24 - Miss
RVMD
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- RVMD's page on the SEC website