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KURA

Kura Oncology

$12.35 /

-0.19 (-1.52%)

18:47
02/25/20
02/25
18:47
02/25/20
18:47

Kura Oncology price target cut to $30 from $32 at Piper Sandler

Piper Sandler analyst Tyler Van Buren reiterated an Overweight rating on Kura Oncology but cut his price target on the shares to $30 from $32 as "we inch closer" to a potential positive announcement with the registrational AIM-HN trial for tipifarnib in HRAS-mutated head and neck squamous cell carcinoma. Van Buren believes the existing efficacy/durability data from the ongoing RUN-HN Phase II trial indicates that AIM-HN has a "very high" probability of success, as only 15 confirmed responses are required to reject the null hypothesis. With likely about half of the 59 patients enrolled in AIM-HN and a historical 56% response rate, the analyst believes the 15 responses could be achieved soon. Van Buren noted that he has increased his expenses in the out-years, which has resulted in the slight price target decrease.

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KURA Kura Oncology
$12.35 /

-0.19 (-1.52%)

11/07/19 Wedbush
Wedbush still views Kura Oncology as a top pick
10/29/19 Piper Sandler
Kura pivotal trial 'highly likely to succeed,' says Piper Jaffray
09/05/19 JMP Securities
Kura Oncology resumed with an Outperform at JMP Securities
07/18/19 Deutsche Bank
Kura Oncology initiated with a Buy at Deutsche Bank

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