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BriaCell Therapeutics (BCT) Initiated with a Buy at H.C. Wainwright

In a latest note to investors, a research analyst has provided a rating update for the Healthcare company, BriaCell Therapeutics (BCTResearch Report). The Healthcare company, BriaCell Therapeutics (TSX: BCT) has received a rating update from a Wall Street analyst today.

According to TipRanks.com, Bodnar has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -12.5% and a 26.6% success rate. Bodnar covers the Healthcare sector, focusing on stocks such as Acrivon Therapeutics, Inc., Gracell Biotechnologies, and Olema Pharmaceuticals.

Currently, the analyst consensus on BriaCell Therapeutics is a Moderate Buy with an average price target of C$27.38.

Based on BriaCell Therapeutics’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of C$0. In comparison, last year the company had a net profit of C$0.

BriaCell Therapeutics Corp is an immuno-oncology focused biotechnology company developing targeted and safe approaches for the management of cancer. BriaCell, in collaboration with Incyte Corp., is conducting a Phase I/IIa clinical trial of Bria-IMT, its lead candidate, in a Combination Study with Incyte drugs, INCMGA00012, and epacadostat, in advanced breast cancer. Additionally, it is developing Bria-OTS, off-the-shelf personalized immunotherapy, for advanced breast cancer. Bria-OTS immunotherapy treatments are personalized to match the patient without the need for personalized manufacturing and is designed to produce a potent and selective immune response against the cancer of each patient eliminating the time, expense and complex manufacturing logistics associated with immunotherapies.

The company’s shares closed last Tuesday at C$8.26.

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