Invivyd, the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Patrick Trucchio from H.C. Wainwright reiterated a Buy rating on the stock and has a $5.00 price target.
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Patrick Trucchio has given his Buy rating due to a combination of factors that suggest a promising future for Invivyd. The company is on the brink of a transformative year, highlighted by a clear regulatory path for its VYD2311 monoclonal antibody, which is designed for COVID-19 prevention and treatment. This development is supported by the FDA’s agreement to a streamlined trial process that could lead to a Biologics License Application, potentially shifting the company’s business model from emergency use to a more stable, broad-access framework.
Additionally, Invivyd’s commercial execution with PEMGARDA has shown promising growth, with expanding sales and increased institutional engagement. The company’s strategic positioning in high-value accounts and its inclusion in key medical guidelines enhance its market presence. Furthermore, VYD2311’s favorable safety profile and its potential for infrequent dosing contribute to its blockbuster potential, making Invivyd a compelling investment opportunity according to Trucchio.
According to TipRanks, Trucchio is a 4-star analyst with an average return of 7.1% and a 43.71% success rate. Trucchio covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Oncolytics Biotech, and uniQure.