Tarsus Pharmaceuticals (TARS) PT Raised to $45 as Jefferies Sees Possibility of First Line Therapy
Get Alerts TARS Hot Sheet
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Jefferies analyst Anthony Petrone raised the price target on Tarsus Pharmaceuticals (NASDAQ: TARS) to $45.00 (from $35.00) after the Phase 2b/3 Saturn-1 trial met all primary and secondary endpoints with statistical significance following the 6-week TP-03 treatment cycle for demodex blepharitis (DB). The positive Saturn-1 data will trigger an undisclosed portion of the follow-on milestone payment from LianBio and, importantly, de-risks the ongoing Saturn-2 study, which began enrolling earlier this year.
The analyst reiterated a Buy rating, stating "Given the efficacy benefits in mite eradication and collarette cure rate are coupled with patient ease-of-use benefits with a 2x daily drop solution, we believe TP-03 has potential to emerge as a first-line therapy."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boston Scientific (BSX) PT Raised to $83 at Stifel
- KKR Real Estate Financial Trust (KREF) PT Lowered to $12 at JMP Securities
- Mr. Cooper Group Inc. (COOP) PT Raised to $87 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!