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Stock impact report

JPMorgan Boosts Rating on Recursion Pharmaceuticals (RXRX) Amid AI-Driven Drug Pipeline [Yahoo! Finance]

Recursion Pharmaceuticals, Inc. - Class A (RXRX) 
Company Research Source: Yahoo! Finance
Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) from a Neutral to an Overweight rating, boosting the price target to $11 from $10. The change follows the solid results of Recursion's MEK 1/2 inhibitor, REC-4881, which showed potent effectiveness in FAP patients during the TUPELO trial. After 12 weeks of treatment, the trial showed a 43% median reduction in total polyp burden, with 75% of evaluable patients experiencing reductions. Notably, 82% of patients sustained stable decreases 12 weeks after discontinuing medication, with a median reduction of 53% from baseline. JPMorgan sees explosive potential for REC-4881 in the United States, projecting peak sales of more than $1 billion with a 60% chance of success. These clinical outcomes, as well as pharmaceutical agreements that have produced more than $500 million in milestone payments to date, have helped to confirm Recursion's AI-driven pipeline. According to the firm's study, growing patient groups, stronger penetration rates, and Show less Read more
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