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GRTX

Galera Therapeutics

$12.50

0.05 (0.40%)

06:44
12/02/19
12/02
06:44
12/02/19
06:44

Galera Therapeutics initiated with a Neutral at Credit Suisse

Credit Suisse analyst Evan Seigerman initiated coverage of Galera Therapeutics with a Neutral rating and $14 price target. In a research note to investors, Seigerman says that while lead asset GC4419 addresses an unmet need with differentiated efficacy, pipeline competition and logistical challenges are likely to be headwinds to broad commercialization. The analyst thinks commercialization of GC4419 will face significant challenges, and that at a potential launch, he believes there will be a "limited" number of facilities able to administer both radiation therapy and IV infusions, and that there is little economic incentive for centers to build or expand existing infusion capabilities.

GRTX Galera Therapeutics
$12.50

0.05 (0.40%)

12/02/19
BOFA
12/02/19
INITIATION
Target $15
BOFA
Buy
Galera Therapeutics initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Tazeen Ahmad initiated coverage of Galera Therapeutics with a Buy rating and $15 price target. The company is in late stage development evaluating GC4419 as a prophylactic against oral mucositis from radiation therapy in head and neck cancer, Ahmad tells investors in a research note. The analyst says there is currently no effective therapeutic options available, indicating significant need for a novel treatment.
12/02/19
SBSH
12/02/19
INITIATION
Target $20
SBSH
Buy
Galera Therapeutics initiated with a Buy at Citi
Citi analyst Yigal Nochomovitz initiated coverage of Galera Therapeutics with a Buy rating and $20 price target. Galera is developing a new class of drugs designed to reduce damage to normal tissue in cancer patients receiving radiation, Nochomovitz tells investors in a research note. He believes the company has demonstrated "very good" proof-of-concept Phase 2b data for its lead drug GC4419 in prevention of severe oral mucositis. The analyst sees a high probability of FDA approval and expects GC4419 to become standard-of-care.

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NAVB

Navidea

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EFC

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BOOT

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ERIC

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GLD

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PICO

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QHC

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SPRT

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BXRX

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LMT

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NOC

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RZLT

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AMZN

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MGTA

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IMH

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ALEC

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ATAX

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PNM

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