| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Foghorn Therapeutics Inc. (NASDAQ:FHTX) shares are trading higher by 44.8% to $4.52 during Thursday’s session after the company announced that Eli Lilly And Co (NYSE:LLY) has chosen FHD-909, an oral BRM selective inhibitor, for clinical development.
Foghorn says the drug targets BRG1 mutated non-small cell lung cancer (NSCLC). Selective BRM inhibition is a promising strategy in cancer research, particularly for tumor types like NSCLC with BRG1 mutations, as it can cause tumor cell death while sparing healthy cells. T
This development follows a collaboration between Foghorn and Lilly established in December 2021, aiming to create novel oncology medicines. The collaboration includes co-development and co-commercialization agreements, along with utilizing Foghorn’s Gene Traffic Control platform for discovery programs.
Preclinical data will be presented at upcoming scientific conferences.
See Also: Meta’s $50 Billion Buyback — Is It Good? Bad?
Wall Street analysts view Foghorn Therapeutics on the whole as a Neutral, given the history of coverage over the past three months. Vikram Purohit from Morgan Stanley in Foghorn Therapeutics is the most bearish, expecting a 40.0% fall in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Foghorn Therapeutics rose 29.47%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 163.46% over the past year.
A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.
According to data from Benzinga Pro, FHTX has a 52-week high of $9.97 and a 52-week low of $2.70.
