Duality Biotherapeutics, Inc. (9606) has received a new Buy rating, initiated by CMB International Securities analyst, Jill Wu.
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Jill Wu’s rating is based on Duality Biotherapeutics, Inc.’s strong position in the antibody-drug conjugate (ADC) space, marked by a diverse and innovative pipeline. The company has demonstrated significant progress with its ADC candidates, such as DB-1303 and DB-1311, which are showing promising results in clinical trials. These developments underscore DualityBio’s potential to secure FDA accelerated approval for its products, enhancing its market competitiveness.
Additionally, DualityBio’s strategic partnerships with global biopharmaceutical companies like BioNTech and BeiGene have bolstered its development efforts and expanded its reach in key global markets. These collaborations not only validate the company’s innovative platform but also provide a sustainable model for future growth. With expected revenue growth from licenses and collaborations, and a target price derived from a DCF valuation, Wu sees a promising investment opportunity in DualityBio, justifying the Buy rating.
According to TipRanks, Wu is a 5-star analyst with an average return of 19.8% and a 55.05% success rate. Wu covers the Healthcare sector, focusing on stocks such as CSPC Pharmaceutical Group, Akeso, Inc., and Xunfei Healthcare Technology Co., Ltd..
In another report released on May 22, CLSA also initiated coverage with a Buy rating on the stock with a HK$268.30 price target.