Maxim cuts Acrivon PT on deprioritization of ovarian and bladder programs

ReutersApr 1, 2025 11:00 AM

Maxim Group cuts PT on drug developer Acrivon Therapeutics ACRV.O to $7 from $24

Cites deprioritization of ovarian and bladder programs

"Management announced that due to a higher bar in ovarian cancer and difficulty recruiting OncoSignature positive patients in bladder cancer, the company is deprioritizing these programs," says brokerage

Adds the data in endometrial cancer is still quite strong and with a positive safety profile

New PT is ~245% upside to stock's last close

Nine of 10 brokerages rate stock "buy" or higher, and 1 "hold"; median PT is $15 - data compiled by LSEG

ACRV shares down ~66% YTD, as of last close; they rose ~22% in 2024

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