Stifel says

Stifel Alex Tompson is a purchase rating on Therapeutics Kymera (Church) After a “list of updates”, including the Sanofi partner’s decision (Cut) To stop the development of LEAD Irak4 Degrader KT-474 for the next generation KT-485 and a new partnership agreement with Gilead (doctrine) For CDK2 Delgerer. While the update on IRAK4 is “disappointing and removes potential stimuli” next year, Sanofi expects to move KT-485 to the first stage of next year and the broader partnership remains in effect. In the Gilead deal, Kymera will receive up to 85 million dollars in the foreground and options, and the analyst, who will see any weakness of today’s news as the opportunity to buy as the company claims that there is still limited credit in stocks for the broader pipeline and additional payments. Stifel has a purchase classification on Kymera shares, which decreased $ 1.18, or 2.5 %, to $ 45.96 in morning trading.

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