Stephen Willey, an analyst from Stifel Nicolaus, has initiated a new Buy rating on Crescent Biopharma (CBIO).
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Stephen Willey has given his Buy rating due to a combination of factors that highlight Crescent Biopharma’s potential in the biotechnology sector. The company’s CR-001 is a promising bispecific molecule designed to target both PD-1 and VEGF-A, which positions it to potentially capture a significant share of the large and growing PD-(L)1-targeting market. This market is currently valued at over $50 billion and is expected to grow further, offering substantial revenue opportunities for Crescent Biopharma.
Additionally, the strategic design of CR-001, which mimics the pharmacology of ivonescimab while maintaining its own unique molecular entity status, reduces development risks and accelerates the path to market. The recent surge in strategic deals within the bispecific market underscores the enthusiasm and potential for this class of therapeutics. Willey believes that Crescent Biopharma’s thoughtful approach to indication selection and clinical execution could lead to meaningful value creation, making it an attractive investment opportunity.
Willey covers the Healthcare sector, focusing on stocks such as Bicara Therapeutics Inc., Exelixis, and Incyte. According to TipRanks, Willey has an average return of 1.5% and a 39.19% success rate on recommended stocks.