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$ANAB (Anaptys, collects royalties on GSK's cancer drug Jemperli): the FDA approved Jemperli in stage II/III MSI-H/dMMR rectal cancer ahead of its Feb 2027 PDUFA date, with 68% of evaluable patients (98/144) in a sustained 12-month complete response by investigator assessment. By central review, the primary measure, it's 47% so far. Market value ~$1.47B at $49.27 (14:28 ET Oct 19, 2026); cash and investments $164.1M at June 30, 2026. But royalties first repay ~$299M non-recourse Sagard debt, paydown seen 2H 2027. Full data at ESMO Oct 25.
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