Wedbush analyst Yun Zhong has maintained their bullish stance on RZLT stock, giving a Buy rating on October 23.
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Yun Zhong has given his Buy rating due to a combination of factors including the promising potential of Rezolute’s lead candidate, ersodetug, which is currently in Phase 3 trials for congenital hyperinsulinism (cHI). The expectation for positive top-line data from this study is high, given the unmet medical needs in this area and the innovative approach of blocking the insulin receptor to manage hypoglycemia.
Furthermore, the competitive landscape appears favorable for Rezolute, as ersodetug could potentially capture significant market share upon successful approval and commercialization. The clinical development pathway and commercial opportunities in related areas, such as tumor-induced hypoglycemia, also contribute to the optimism surrounding Rezolute’s future prospects.