• Leerink Partners analyst David Risinger raises Tectonic Therapeutic's price target to $118, citing TX45's potential as a best-in-class treatment for PH-HFpEF.
• TX45, a long-acting relaxin therapeutic, targets both PH-HFpEF and PH-HFrEF patient populations, addressing significant unmet medical needs in pulmonary hypertension treatment.
• Phase 1b trial results for TX45 are expected in Q1 2025, with the company's strategic expansion into PH-HFrEF patients showing strong enrollment and physician interest.