Leerink Partners analyst David Risinger has reiterated their bullish stance on CNTA stock, giving a Buy rating yesterday.
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David Risinger has given his Buy rating due to a combination of factors related to Centessa Pharmaceuticals’ promising developments with their ORX750 compound. The recent presentation at the American Academy of Neurology Annual Meeting highlighted ORX750’s compelling efficacy profile, demonstrating significant improvements in sleep latency and alertness in a proof-of-concept study. These results suggest that ORX750 could potentially be a best-in-class orexin receptor 2 agonist, outperforming competitors in the field.
Furthermore, the safety profile of ORX750 remains favorable, with no significant adverse events reported, reinforcing its potential as a leading therapeutic option. The anticipation of upcoming Phase 2a trial results in various sleep disorders adds to the positive outlook, as these results could further validate ORX750’s efficacy and safety. These factors collectively support Risinger’s optimistic view and Buy rating for Centessa Pharmaceuticals.