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Analyst's positive coverage and revenue projections could encourage investor interest, similar to past oncology stock surges.
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ADC Therapeutics' lead drug Zynlonta received FDA approval in 2021. Zynlonta peaked at $80 million revenue but faces strong competition. Analyst predicts Zynlonta's peak revenue could reach $110 million by 2032. Positive clinical trials may enable Zynlonta to expand into second-line treatments. Stephens initiated coverage with an Overweight rating and $6 price target.
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