BTIG Calls Palvella’s 21% FDA-Driven Drop a Buying Opportunity
The FDA denied Breakthrough Therapy status for QTORIN. BTIG analysts view the decision as a short-term setback and maintain their Buy rating with a $215 price target.
The FDA denied Breakthrough Therapy status for QTORIN. BTIG analysts view the decision as a short-term setback and maintain their Buy rating with a $215 price target.
Palvella Therapeutics shares surged 30% after strong Phase 3 SELVA trial data for QTORIN rapamycin gel in microcystic lymphatic malformations. First potential FDA-approved treatment could arrive in 2027.
Palvella Therapeutics (PVLA) receives FDA Fast Track designation for QTORIN rapamycin gel to treat angiokeratomas, a rare skin condition with no approved therapies affecting 50,000+ US patients.
Raymond James upgrades Palvella Therapeutics to Strong Buy with a new $143 price target, citing strong confidence in upcoming Phase 2 TOIVA readout for QTORIN rapamycin.