Koichi Mamegano, an analyst from Bank of America Securities, maintained the Buy rating on Takeda Pharmaceutical Co. The associated price target remains the same with Yen5,500.00.
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Koichi Mamegano has given his Buy rating due to a combination of factors, primarily focusing on the positive outcomes from Takeda Pharmaceutical’s recent Phase 3 trials for oveporexton, a treatment for Narcolepsy Type 1. The trials, named FirstLight and RadiantLight, successfully met all primary and secondary endpoints, demonstrating significant improvements over placebo and confirming the drug’s efficacy and safety profile.
The trials showed that both high and low dosages of oveporexton were effective, with the low dose offering convenience in clinical settings. Additionally, the safety profile was consistent with previous studies, with no serious adverse events reported. Takeda’s strategic plans to file for marketing approval in major markets and the potential for significant sales further support the Buy rating, as the drug is expected to be a major contributor to the company’s revenue growth in the coming years.
According to TipRanks, Mamegano is ranked #5549 out of 9820 analysts.