Jul. 1 at 7:19 PM
Citizens reiterated
$ONC Market Outperform-
$348:
"During the 2025 R&D day, the company highlighted key clinical data for Sonrotoclax + Zanubrutinib in TN and R/R CLL/SLL, as well as the BTK degrader BGB-16673 in R/R WM and R/R CLL/SL, which we view as best-in-class molecules with the potential to take the company to the next valuation inflection point.
In addition to spelling out the "secret sauce" that allows the company to be one of the industry's leaders in successfully developing best-in-class oncology drugs, new data from several POC studies were presented. With Brukinsa on track to generate ~
$3.7B+ for the company in 2025, one of the largest pipelines across all stages of clinical and preclinical development, and a strong cash position of
$2.5B, we continue to believe BeOne shares are undervalued and represent a compelling investment opportunity, especially given the recent sell-off in shares."
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