
Buy Rating Reiterated on Moleculin Biotech as MIRACLE Trial Progress Supports Unchanged $10 Price Target

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Analyst Jason McCarthy of Maxim Group has reiterated a Buy rating on Moleculin Biotech, maintaining a price target of $10. The decision is based on positive developments in the MIRACLE trial for annamycin in treating relapsed/refractory AML, showing higher remission rates compared to historical data. McCarthy believes these results reduce development risks and could serve as a significant value catalyst for MBRX, supporting future growth and justifying the price target.
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