H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on aTyr Pharma today and set a price target of $35.00.
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Joseph Pantginis has given his Buy rating due to a combination of factors surrounding aTyr Pharma’s promising developments in treating pulmonary sarcoidosis. The company is on the brink of releasing significant Phase 3 data from its EFZO-FIT study, which is the first global trial of its kind for sarcoidosis. This study, involving 268 patients, is designed to assess the efficacy of efzofitimod in reducing steroid use, improving lung function, and alleviating sarcoidosis symptoms.
The trial’s design, which includes a forced steroid taper, addresses a critical need in the treatment landscape where current options are limited and often come with severe side effects. Furthermore, expert opinions from leading pulmonologists underscore the importance of steroid reduction in managing sarcoidosis, highlighting the potential impact of efzofitimod. The combination of promising clinical data, the innovative study design, and the multifactorial anti-inflammatory effects of efzofitimod contribute to Pantginis’s optimistic outlook on aTyr Pharma’s stock.
In another report released on August 8, JonesTrading also maintained a Buy rating on the stock with a $22.00 price target.