H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Enlivex (ENLV – Research Report) today and set a price target of $7.00.
Ram Selvaraju has given his Buy rating due to a combination of factors, primarily focusing on the progress of Enlivex’s clinical trials and the promising data reported thus far. Enlivex has successfully completed patient enrollment for the Phase 2 stage of its trial for Allocetra in treating moderate-to-severe knee osteoarthritis. The earlier Phase 1 stage showed statistically significant improvements in key efficacy endpoints without any safety concerns, which bolsters confidence in the ongoing Phase 2 trial.
Furthermore, Enlivex has initiated a Phase 1 trial for Allocetra targeting temporomandibular joint osteoarthritis, with the first patient dosed successfully and without complications. This trial is being conducted at the highly regarded Sheba Medical Center, which adds credibility to the study. The combination of positive interim results, ongoing trials, and the strategic collaboration with a top-tier medical institution supports the Buy rating and suggests potential for future success in Enlivex’s therapeutic developments.