Theseus Pharmaceuticals, Inc. (NASDAQ: THRX) (Theseus or the Company), a clinical-stage biopharmaceutical company focused on improving the lives of cancer patients through the discovery, development, and commercialization of transformative targeted therapies, today announced key anticipated milestones for 2023 and introduced its third development program, a pan-variant tyrosine kinase inhibitor (TKI) targeting BCR-ABL for the treatment of chronic myeloid leukemia (CML) and Philadelphia chromosom
Let’s talk about biotech. These stocks present a unique set of attractions for investors, especially investors willing to shoulder some extra risk. To start with, biotech firms have a famously high overhead, and equally long lead-times for product development. But that is balanced by the opportunity for huge gains – sales profits, and share appreciation – when a new drug shows strongly positive clinical trial results, or receives regulatory approval for commercialization. To give an example, jus
Needham has initiated coverage on Theseus Pharmaceuticals Inc (NASDAQ: THRX) with a Buy rating and a price target of $22. Theseus' discovery platform incorporates its structure-guided drug design and predictive resistance assay (PRA) to develop therapies addressing resistance to existing targeted treatments. The analyst says that PRA is a refined version of the translational approach utilized by management when it was at Ariad, which Takeda Pharmaceutical Company Limited (NYSE: TAK) acquired in