Aegis remains bullish on BioLineRx after upbeat BL-8040 news


Aegis' Raghuram Selvaraju is sticking with a Buy rating and a $7 target on shares of BioLineRx (BLRX +13.3%) after today's BL-8040 update.

"It appears to [provide] a dual-layered benefit to patients," Selvaraju says, referencing the company's suggestion that the drug may make cancer cells more susceptible to chemo and may also contribute to cell death.

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