Analyst Douglas Tsao of H.C. Wainwright reiterated a Buy rating on Hansa Biopharma AB, retaining the price target of SEK132.00.
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Douglas Tsao has given his Buy rating due to a combination of factors that highlight the potential of Hansa Biopharma AB’s imlifidase in addressing a significant unmet need in kidney transplantation. The drug’s ability to rapidly and effectively reduce antibodies in highly sensitized patients offers a promising solution for those who have limited access to organ transplants. The insights shared by key opinion leaders (KOLs) during an investor call emphasized the drug’s potential to fill a critical gap in the current transplantation landscape.
Despite concerns regarding the Phase 3 ConflideS trial design, which some investors believe did not adequately demonstrate the drug’s benefits over existing desensitization methods, the KOLs underscored the FDA’s likely consideration of imlifidase’s efficacy in enabling transplants. The trial showed that a significant number of patients in the imlifidase group received transplants compared to the control group, highlighting the drug’s effectiveness. Additionally, the clinical outcomes for patients treated with imlifidase were notably better, reinforcing the drug’s potential to improve long-term transplant success. These factors collectively support Tsao’s optimistic outlook and Buy rating for Hansa Biopharma AB.