Needham analyst Ami Fadia has maintained their neutral stance on BIIB stock, giving a Hold rating yesterday.
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Ami Fadia has given his Hold rating due to a combination of factors surrounding Biogen’s current clinical developments and market positioning. The company’s focus on felzartamab, particularly in the treatment of AMR, IgAN, and PMN, presents both opportunities and challenges. While the potential for chronic dosing in AMR could be beneficial, the market size remains relatively small.
In the case of IgAN, Biogen faces a competitive landscape, though it aims to stand out with a non-chronic treatment option that offers extended remission periods. For PMN, the differentiation in high-risk patients based on early trial efficacy is promising, yet the full Phase 3 data is still pending. These elements contribute to a cautious outlook, justifying the Hold rating as the company navigates these uncertainties.
According to TipRanks, Fadia is a 3-star analyst with an average return of 2.8% and a 46.67% success rate. Fadia covers the Healthcare sector, focusing on stocks such as Jazz Pharmaceuticals, Biogen, and Blueprint Medicines.
In another report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $146.00 price target.