TD Cowen analyst Tyler Van Buren has maintained their bullish stance on NAMS stock, giving a Buy rating yesterday.
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Tyler Van Buren has given his Buy rating due to a combination of factors, including NewAmsterdam Pharma’s promising Phase III trial results and their strategic plans for future data releases. The company has shown significant progress with their drug obicetrapib, which demonstrated a notable reduction in Lp(a) levels in patients, outperforming existing treatments like PCSK9 inhibitors. This positions NewAmsterdam Pharma favorably in addressing unmet needs in the cardiovascular disease market.
Moreover, the company’s upcoming presentations at major medical conferences are expected to provide further insights into the efficacy of their treatments, particularly concerning MACE outcomes. The decision on the primary endpoint for the PREVAIL trial, which will depend on regulatory feedback, also suggests a proactive approach in aligning their strategies with market and clinical expectations. These factors collectively contribute to Van Buren’s optimistic outlook on the company’s stock potential.