RE: PDSB28 Jun 2021 15:45
* Brokerage Cantor Fitzgerald starts coverage on drug developer with "overweight" rating; believes co has promising pipeline of cancer and infectious diseases therapies and that peak sales potential for co's lead immunotherapy candidate, PDS0101, remains underappreciated
* Sets PT at $25, a premium of 127.3% to PDSB's last close
* Brokerage sees many upcoming potential stock-moving catalysts including data from trials testing PDS0101 in advanced human papillomavirus (HPV)- associated cancers and in advanced cervical cancer
* Adds that two other potential cancer therapies - PDS0102 and PDS0103 - are also entering clinical testing in H1 of 2022
* Upwards earnings revision, driven by pipeline advancements, should move the stock higher - Cantor
* Stock up 1.3% at $11.15 premarket