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BioLineRx: Advancing GLIX1 and Motixafortide Pipeline with Strengthened IP and Legal Position Underpinning Buy Rating and $12 Target
JonesTrading analyst Justin Walsh reiterated a Buy rating for BioLineRx with a $12 price target, citing strategic advancements in its pipeline. The company has initiated a Phase I/IIa study for GLIX1 in glioblastoma, with initial data expected in H1 2027, and is accelerating enrollment for a Phase IIb trial of motixafortide for metastatic pancreatic cancer. Additionally, new U.S. intellectual property protection for GLIX1 and a favorable arbitration ruling against Biokine Therapeutics further strengthen BioLineRx’s competitive and legal standing.