Revolution Medicines Stock Trades Higher Following Landmark FDA Approval for Pancreatic Cancer Drug
Shares of Revolution Medicines are trading higher Thursday morning as a wave of Wall Street firms issued price target increases following the commercial rollout of the company's first-in-class oncology therapy.
Revolution Medicines got official government approval to sell a new cancer medicine, so stock traders became more excited about the company's future. When big investors raise their price targets, it usually means they think the company might do better—worth watching to see if the medicine actually helps patients and sells well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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