Leerink maintains an outperform ranking and $60 value goal on Kymera Therapeutics (KYMR) whereas noting that the corporate sees a “constructive studying” from J&J (JNJ) licensing a STAT6 oral program from Kaken Pharmaceutical. Kymera not too long ago initiated a Part 1 for STAT6 degrader KT-621, whereas JNJ introduced a licensing settlement with Japanese firm Kaken Pharmaceutical for the STAT6 KP-723 small molecule program, and though publicly accessible knowledge on KP-723 are restricted, the settlement serves as proof of strategic curiosity within the STAT6 goal, the analyst explains to buyers in a analysis observe.
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