Corvus: Strong Buy Soquelitinib Q1 2027 Interim Futility Analysis And AD Drug Advancement

Corvus Pharmaceuticals maintains a "Strong Buy" rating, driven by advancing soquelitinib in relapsed/refractory PTCL and moderate-to-severe atopic dermatitis [AD]. Company anticipates a pivotal interim futility analysis for its phase 3 PTCL trial in Q1 2027, representing a major inflection point. Positive phase 1 AD data and the initiation of the phase 2 SIERRA1 study, with topline results expected in Q3 2027, reinforce the pipeline's potential.