In a report released today, Emily Bodnar from H.C. Wainwright maintained a Buy rating on MiNK Therapeutics, with a price target of $35.00.
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Emily Bodnar’s rating is based on MiNK Therapeutics’ promising advancements in their clinical trials and strategic partnerships. The company is set to initiate a Phase 2 trial for agenT-797, targeting graft versus host disease (GvHD), with the support of significant grants and collaborations, notably with the University of Wisconsin Carbone Cancer Center. This trial aims to address a substantial patient population undergoing allo-HSCT, with the potential to significantly reduce GvHD incidence, a common and severe complication.
Additionally, MiNK is preparing to commence a Phase 2+ trial for severe pulmonary diseases, including interstitial lung disease and idiopathic pulmonary fibrosis. The trial builds on previous positive outcomes from the ARDS trial during the COVID-19 pandemic, showcasing high survival rates. These efforts are externally funded and designed to potentially meet FDA approval criteria, highlighting the company’s strategic focus on expanding its therapeutic pipeline and enhancing its market position.