Petosemtamab granted Breakthrough Therapy Designation by the U.S. FDA
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Merus N.V. - Common Shares (MRUS)
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Source: GlobeNewswire
Petosemtamab granted BTD for the treatment of previously treated HNSCC UTRECHT, The Netherlands and CAMBRIDGE, Mass., May 13, 2024 (GLOBE NEWSWIRE) -- Merus N.V. (Nasdaq: MRUS), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics®) for cancer, today announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation (BTD) for petosemtamab for the treatment of patients with recurrent or metastatic head and neck squamous cell carcinoma (HNSCC) whose disease has progressed following treatment with platinum based chemotherapy and an anti-programmed cell death receptor-1 (PD-1) or anti-programmed death ligand 1 (PD-L1) antibody. This designation follows receipt of Fast Track Designation for petosemtamab for the treatment of patients with recurrent or metastatic HNSCC whose disease has progressed following treatment with platinum-based chemotherapy and an anti-programmed cell death
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- Merus (NASDAQ: MRUS) had its "buy" rating re-affirmed by analysts at Bank of America Co.. They now have a $76.00 price target on the stock.MarketBeat
- Merus (NASDAQ: MRUS) had its price target raised by analysts at Stifel Nicolaus from $90.00 to $99.00. They now have a "buy" rating on the stock.MarketBeat
- Merus (NASDAQ: MRUS) had its price target lowered by analysts at Bank of America Co. from $80.00 to $76.00. They now have a "buy" rating on the stock.MarketBeat
- Merus (NASDAQ: MRUS) had its price target raised by analysts at Canaccord Genuity Group Inc. from $54.00 to $67.00. They now have a "buy" rating on the stock.MarketBeat
- Merus (NASDAQ: MRUS) had its price target raised by analysts at BMO Capital Markets from $84.00 to $91.00. They now have an "outperform" rating on the stock.MarketBeat
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- 5/8/24 - Beat
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- 6/17/24 - Form 144
- 6/12/24 - Form 4
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