Clarity Bull Pushes Out Timing of U.S. Reimbursement Approval -- Market Talk

Dow Jones

03-04

2237 GMT - Jefferies lowers its price target on radiopharmaceutical company Clarity by 15% after pushing out the likely date of a key U.S. milestone for its 64Cu-SAR-bisPSMA product. Clarity hopes the product will become a new diagnostic imaging agent in prostate cancer. Analyst David Stanton now expects Clarity to receive U.S. reimbursement approval for the diagnostic in 2H of FY 2027, a year later than he had originally forecast. Jefferies's new price target is A$7.00/share, down from A$8.20 before. Clarity ended Monday at A$3.15. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 03, 2025 17:37 ET (22:37 GMT)

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Clarity hopes the product will become a new diagnostic imaging agent in prostate cancer. Analyst David Stanton now expects Clarity to receive U.S. reimbursement approval for the diagnostic in 2H of FY 2027, a year later than he had originally forecast. Jefferies's new price target is A$7.00/share, down from A$8.20 before. Clarity ended Monday at A$3.15. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2025 17:37 ET (22:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}