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Agios Pharma Appoints Dr. Jay Backstrom as Director

Story Highlights
  • Agios Pharmaceuticals elected Dr. Jay Backstrom as a director, effective July 8, 2025.
  • Dr. Backstrom’s appointment may enhance Agios’s focus on scientific advancements and market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Agios Pharma Appoints Dr. Jay Backstrom as Director

Elevate Your Investing Strategy:

Agios Pharma ( (AGIO) ) has shared an update.

On July 3, 2025, Agios Pharmaceuticals announced the election of Dr. Jay Backstrom as a class III director, effective July 8, 2025, with a term lasting until the 2028 Annual Meeting of Stockholders. Dr. Backstrom will also join the Science and Technology Committee and receive compensation in line with the company’s non-employee director policy, including cash compensation and stock options. This strategic addition to the board is expected to enhance Agios’s focus on scientific and technological advancements, potentially impacting its market positioning and stakeholder relations positively.

The most recent analyst rating on (AGIO) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Agios Pharma stock, see the AGIO Stock Forecast page.

Spark’s Take on AGIO Stock

According to Spark, TipRanks’ AI Analyst, AGIO is a Neutral.

Agios Pharma’s score is primarily influenced by its strong cash position and strategic pipeline developments, as highlighted in the earnings call. While the stock is technically stable and appears undervalued, financial performance concerns related to revenue inconsistencies and operational losses weigh on the score.

To see Spark’s full report on AGIO stock, click here.

More about Agios Pharma

Agios Pharmaceuticals, Inc. operates in the pharmaceutical industry, focusing on the development of innovative treatments for diseases, particularly in the areas of oncology and rare genetic disorders.

Average Trading Volume: 568,009

Technical Sentiment Signal: Buy

Current Market Cap: $2.04B

Learn more about AGIO stock on TipRanks’ Stock Analysis page.

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