Wedbush Reiterates Outperform on Crescent Biopharma, Maintains $27 Price Target
Wedbush analyst Robert Driscoll reiterates Crescent Biopharma (NASDAQ:CBIO) with a Outperform and maintains $27 price target.
Read original at benzingaStocks · News reference
8-K filing — CRESCENT BIOPHARMA, INC. (CBIO)
Filed: 2026-07-30 AccNo: 0001628280-26-050805 Size: 321 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
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- Jul 30, 2026, 11:36 AM
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Crescent Biopharma Reports Second Quarter 2026 Financial Results and Recent Business Highlights
Crescent Biopharma reported Q2 2026 results with continued enrollment in its ASCEND Phase 1/2 trial for CR-001, a PD-1 x VEGF bispecific antibody. The company completed a $143.7 million public offering extending cash runway to H2 2028 and announced multiple clinical data readouts expected beginning Q1 2027. R&D expenses increased to $19.4 million due to expanded clinical activities, while the company maintains strategic partnerships with Kelun-Biotech for development in Greater China.
Read original at globenewswire-incCrescent Biopharma Q2 EPS $(0.74) Beats $(0.79) Estimate
Read original at benzinga