Lake Street Capital Markets Analyst Thomas Flaten initiated coverage of Checkpoint Therapeutics, Inc. with a BUY rating and price target of $12 (CKPT $4.18). Checkpoint is a immuno-oncology biopharmaceutical company, focused on the acquisition, development, and commercialization of novel treatments for patients with solid tumor cancers. The company’s product candidates include CK-101 that in the phase 1/2 clinical trial for the treatment of epidermal growth factor receptor mutation-positive non-small cell lung cancer; and CK-301, a programmed death ligand-1 (PD-L1), which is in phase I clinical trial in patients with selected recurrent or metastatic cancers. It also develops CK-103, a small molecule inhibitor of BET bromodomains; and CK-302, a human agonistic antibody for oncology indications.
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