Gilead’s $5B Tubulis Deal Validates ADC Space – Bullish for Sutro Biopharma
Leerink sees major tailwind for Sutro Biopharma and initiates coverage with $38 price target.
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#IMNM↓
Immunome's Desmoid Tumor Drug Shows 84% Success in Trial
Immunome's (IMNM) Varegacestat reduces disease progression by 84% in Phase 3 desmoid tumor trial. FDA submission planned for Q2 2026. Once-daily oral pill.
Goldman Sachs Initiates Immunome Coverage: Buy Rating
Goldman Sachs gave Immunome a "Buy" rating ($26 target). The company creates potentially best-in-class cancer drugs, including Varegacestat, which is seen as "differentiated." Key trial results are expected at the end of 2025.