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Promising Pipeline and Regulatory Progress Drive Buy Rating for Scholar Rock Holding

Promising Pipeline and Regulatory Progress Drive Buy Rating for Scholar Rock Holding

TD Cowen analyst Marc Frahm has maintained their bullish stance on SRRK stock, giving a Buy rating yesterday.

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Marc Frahm has given his Buy rating due to a combination of factors including the promising developments in Scholar Rock Holding’s pipeline, particularly the advancements with apitegromab for the treatment of spinal muscular atrophy (SMA). The positive results from the Phase III SAPPHIRE trial, which demonstrated significant improvements in patients, suggest a strong potential for broad adoption of the therapy.
Furthermore, the regulatory progress with the FDA and EMA, including the acceptance of the Biologics License Application and Marketing Authorization Application, respectively, reinforces confidence in the potential approval and market launch. The expectation of a broad label for apitegromab, covering a wide range of SMA patients, along with limited payer resistance, supports the optimistic outlook and Buy recommendation for Scholar Rock Holding’s stock.

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