Analyst John Newman of Canaccord Genuity maintained a Buy rating on Adicet Bio (ACET – Research Report), retaining the price target of $8.00.
John Newman has given his Buy rating due to a combination of factors that highlight the advantages of Adicet Bio’s ADI-001 product. One of the key reasons is the ability of ADI-001 to minimize treatment interruptions for autoimmune patients, as it is ready for immediate use without the need for a lengthy manufacturing process. This contrasts with autologous CAR-T therapies, which require patients to pause immunosuppressant therapy, posing potential health risks.
Additionally, ADI-001’s off-the-shelf nature eliminates the need for individualized manufacturing, which can take several weeks and involves stopping immunosuppressants. This not only reduces the risk to patients but also potentially enhances the efficacy of the treatment. The anticipation of positive data from ADI-001 in treating Lupus Nephritis further supports the Buy rating, as previous results in B-cell malignancies have been promising. Overall, these factors contribute to a favorable outlook for Adicet Bio’s stock.