
Promising Outlook for IDEAYA Biosciences: Buy Rating Backed by Positive Trial Expectations

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Citi analyst Yigal Nochomovitz maintains a Buy rating on IDEAYA Biosciences (IDYA) due to positive expectations from the Phase 2/3 OptimUM-02 trial for metastatic uveal melanoma. The trial's promising outlook, with anticipated median progression-free survival of 7-8 months, suggests a potential stock price increase. Guggenheim also reiterates a Buy rating with a $50 target.
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