TD Cowen analyst Tyler Van Buren has maintained their bullish stance on JBIO stock, giving a Buy rating on November 3.
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Tyler Van Buren has given his Buy rating due to a combination of factors that highlight Jade Biosciences’ promising pipeline and innovative drug development strategies. The company’s lead candidate, JADE101, is designed to achieve superior APRIL suppression and longer dosing intervals compared to existing treatments, which is supported by its ultra-high affinity and extended half-life. The upcoming Phase I data is expected to provide critical insights into its dosing interval and efficacy in reducing IgA levels, which are key indicators of its potential success in treating IgAN.
Furthermore, Jade Biosciences is expanding its pipeline with the introduction of JADE201, a BAFF-R targeting antibody, which is set to begin Phase I trials in rheumatoid arthritis. This expansion demonstrates the company’s commitment to leveraging its technological advancements to address unmet medical needs. The combination of JADE101’s promising preclinical data and the strategic pipeline expansion with JADE201 underpins Van Buren’s confidence in the company’s growth potential, leading to the Buy rating.
In another report released on November 3, BTIG also maintained a Buy rating on the stock with a $28.00 price target.