Apr. 14 at 10:55 AM
RBC Capital y'day⬆️the PT on
$IDYA to
$53 from
$49 and reiterated at an Outperform rating.
$IMCR $IMTX
RBC Capital said in its note:
Following successful topline ph.II/III data in HLA- mUM this morning, we had a chance to catch up with management, and we remain positive on the meaningfulness of IDYA's data, their regulatory strategy for daro's NDA filing in 2H26, and commercial positioning into a '27 launch.
Doc feedback suggests significant enthusiasm for use, favorable read-throughs to other indications, and we think the ultimate OS readout is also likely to come in positive.
We see no red flags, and with today's ~6% upside not fully reflecting the strength of the data and modest estimates in the mUM market, we remain buyers.