Feb. 4 at 7:53 PM
Canaccord Genuity⬆️
$CMPX's PT to
$13 from
$10, reiterated at Buy and said, We see upside to
$13 and downside to
$4 on upcoming Phase 2/3 data for tovecimig + paclitaxel expected end of 1Q26.
$BMY $TEVA
$SNY $PFE AMGN
We see a low bar vs paclitaxel monotherapy, and note Compass demonstrated a statistically significant benefit for response rate.
We also believe safety is manageable, with Grade 3+ neutropenia likely lower vs Phase 2.
We also benchmarked Progression Free Survival and Overall Survival (OS) against standard of care FOLFOX.