JonesTrading analyst Soumit Roy has maintained their bullish stance on JANX stock, giving a Buy rating yesterday.
Soumit Roy has given his Buy rating due to a combination of factors surrounding Janux Therapeutics Inc’s innovative developments in conditionally active T cell engagers/bispecific antibodies, specifically those targeting the Epidermal Growth Factor Receptor (EGFR). The early clinical data from both Janux and its peers shows promise, with a safety profile that suggests these treatments could be effective within a therapeutic window that is manageable for patients.
The observed clinical responses in multiple tumor types imply a broad potential market for EGFR targeting therapies. Furthermore, Janux’s second asset, which combines masked EGFR with masked CD3, stands as a key contender in the space, showing early signals of safety and efficacy. Though the data are not yet mature enough to conclusively determine response durability, upcoming updates in the second half of 2024 and the first half of 2025 are expected to shed more light on these critical factors.
According to TipRanks, Roy is an analyst with an average return of -6.8% and a 27.99% success rate. Roy covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Acrivon Therapeutics, Inc., and Precision BioSciences.
In another report released yesterday, Wedbush also reiterated a Buy rating on the stock with a $74.00 price target.
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Janux Therapeutics Inc (JANX) Company Description:
Janux Therapeutics Inc is an innovative biopharmaceutical company developing next-generation therapeutics based on proprietary tumor activated T Cell Engager platform technology to better treat patients suffering from cancer.
