$BNTX (-3,32 %) Jeffries has raised the price targets for BioNTech today 😀
The share price has suffered recently, but with a weekly balance of +37% and a monthly balance of +47%, it is heading in the right direction again🚀
The target price adjustment reflects the potential that BioNTech's ongoing research and development activities could have for the company's future prospects.
BioNTech's strategy is to prioritize chemotherapy combinations before exploring antibody-drug conjugate (ADC) combinations. To this end, the company has initiated global Phase 2 trials of BNT327 in combination with chemotherapy for breast cancer (BC) and small cell lung cancer (SCLC). In addition, BioNTech plans to complete a first-line study in lung cancer.
Biontech is aiming for first market approval for a cancer drug in 2026, after which annual market approvals in oncology are planned.
Current stock: 131 units