Clarity Pharmaceuticals (ASX:CU6) can continue to unlock potential from NET diagnostics amid promising results from its specialized imaging testing trial for neuroendocrine tumors, Jefferies said in a note on Tuesday.
The phase two trial for its radiopharmaceutical tracer, 64Cu-Sartate, identified more lesions than the competition.
The brokerage expects to see its additional phase three trial for prostate cancer diagnostics, set to conclude this month, to be in line or better in terms of sensitivity.
Jefferies upgraded the stock to buy from hold, banking on its share performance, and maintained the price target at A$5.