Roth Capital Resumes Panbella Therapeutics (PBLA) at Buy, PT $10

January 31, 2023 10:06 AM EST
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Price: $0.44 +4.76%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 7 | New: 17
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(Updated - January 31, 2023 10:07 AM EST)

Roth Capital analyst Jonathan Aschoff initiates coverage on Panbella Therapeutics (NASDAQ: PBLA) with a Buy rating and a price target of $10.00.

The analyst comments "We resume coverage of PBLA with a Buy rating and $10 target price. Given PBLA's 2Q22 acquisition of CPP, it now has several opportunities to create value over the next year, in addition to its original primary value driver of 1Q24 interim Phase 3 results with SBP-101 in first-line metastatic PDA. Flynpovi is in Phase 3 for colon cancer risk prevention (1H23 futility look) and Phase 3 in FAP starts in 2H23, a design informed by a prior Phase 3."

For an analyst ratings summary and ratings history on Panbella Therapeutics click here. For more ratings news on Panbella Therapeutics click here.

Shares of Panbella Therapeutics closed at $1.53 yesterday.

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