Analyst Michael Nedelcovych of TD Cowen maintained a Buy rating on Molecular Partners AG, with a price target of CHF15.00.
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Michael Nedelcovych’s rating is based on several promising developments within Molecular Partners AG. The company has shown progress in its key programs, particularly with the MP0533 Phase I AML trial, where dosing is ongoing and further data is expected to be presented at the ASH conference. This indicates a strong pipeline with potential for significant advancements.
Additionally, Molecular Partners AG is effectively managing its financial resources, with a cash runway extending into 2028, supported by a workforce reduction program. The company’s strategic planning for Phase II trials and its ability to optimize dosing regimens further strengthen its position. These factors collectively contribute to a positive outlook, justifying the Buy rating.
Nedelcovych covers the Healthcare sector, focusing on stocks such as Novo Nordisk, Coherus Biosciences, and Bausch Health Companies. According to TipRanks, Nedelcovych has an average return of -7.5% and a 44.44% success rate on recommended stocks.