William Blair analyst Myles Minter has maintained their bullish stance on DNTH stock, giving a Buy rating today.
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Myles Minter’s rating is based on the promising outlook for Dianthus Therapeutics, particularly with their lead candidate, claseprubart (DNTH103), which is currently undergoing multiple clinical trials. The company has announced that all three ongoing studies of claseprubart are progressing as planned, with the first significant data expected from the Phase II MaGic trial in generalized myasthenia gravis (gMG) by September.
Minter believes that despite the competitive landscape in the gMG space, DNTH103 holds a strong position due to its potential efficacy and safety advantages over existing treatments. Notably, DNTH103 could become the preferred complement inhibitor, as it may offer a better safety profile without the FDA black box warning for infections that affects other treatments like Enjaymo. This de-risking from an efficacy perspective and the potential market opportunity contribute to the Buy rating.