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Adagene ( (ADAG) ) has shared an update.
Adagene Inc. announced a regulatory update on its clinical development plan for muzastotug (ADG126) following a productive Type B meeting with the FDA. The company has aligned on Phase 2 trial criteria and expects to begin patient enrollment in the second half of 2025. The trial will evaluate ADG126 in combination with Merck’s KEYTRUDA® for microsatellite stable colorectal cancer. The FDA’s endorsement allows Adagene to explore higher doses of ADG126, which have shown promising efficacy and safety profiles. This advancement is a critical step towards a registrational trial for FDA approval, potentially enhancing Adagene’s positioning in the oncology therapeutics market.
The most recent analyst rating on (ADAG) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Adagene stock, see the ADAG Stock Forecast page.
Spark’s Take on ADAG Stock
According to Spark, TipRanks’ AI Analyst, ADAG is a Neutral.
Adagene’s overall stock score is heavily impacted by its poor financial performance and weak valuation metrics. The technical analysis provides a slight offset with neutral indicators, but the company’s financial health remains a significant concern. Investors should be cautious due to the persistent losses and lack of positive earnings.
To see Spark’s full report on ADAG stock, click here.
More about Adagene
Adagene Inc. is a clinical-stage biotechnology company focused on developing novel antibody-based cancer immunotherapies. The company utilizes computational biology and artificial intelligence to design antibodies that address unmet patient needs globally. Adagene’s proprietary technologies, including SAFEbody, NEObody, and POWERbody, are designed to improve the safety and efficacy of antibody therapeutics. The company collaborates with global partners to leverage its precision masking technology for tumor-specific targeting, minimizing toxicity in healthy tissues.
Average Trading Volume: 47,861
Technical Sentiment Signal: Sell
Current Market Cap: $89.98M
For a thorough assessment of ADAG stock, go to TipRanks’ Stock Analysis page.