Corvus Pharmaceuticals, Inc. (NASDAQ: CRVS) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We continue to recommend shares of CRVS based on our view that data can reset the company’s valuation, and we see that visibility improving this year. The 4Q19 update call pointed to ASCO and SITC as key venues for data disclosures for ciforadenant (cifo) and CPI-006, respectively, which we believe could validate encouraging data and immuno-modulatory activity previously presented and bring clarity to the clinical path and commercial opportunity. Our FY20 EPS remains largely unchanged, now ($1.58) from ($1.55), reflecting modestly lower R&D and higher G&A in 4Q19.”
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About Corvus Pharmaceuticals, Inc.
Corvus Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the development and commercialization of precisely targeted oncology therapies. Corvus’ lead product candidates are ciforadenant (CPI-444), a small molecule inhibitor of the A2A receptor, and CPI-006, a humanized monoclonal antibody directed against CD73 that exhibits immunomodulatory activity and blockade of adenosine production. These product candidates are being studied in ongoing Phase 1/1b and Phase 1b/2 clinical trials in patients with a wide range of advanced solid tumors. Ciforadenant is being evaluated in a successive expansion cohort Phase 1b/2 trial examining its activity both as a single agent and in combination with an anti-PD-L1 antibody. CPI-006 is being evaluated in a multicenter Phase 1/1b clinical trial as a single agent, in combination with ciforadenant, and in combination with pembrolizumab. The Company’s third clinical program, CPI-818, an oral, small molecule drug that has been shown to selectively inhibit ITK, is in a multicenter Phase 1/1b clinical trial in patients with several types of T-cell lymphomas. For more information, visit www.corvuspharma.com.
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