LifeSci Capital analyst Rami Katkhuda maintained a Buy rating on Tourmaline Bio today and set a price target of $58.00.
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Rami Katkhuda has given his Buy rating due to a combination of factors surrounding Tourmaline Bio’s promising developments and financial stability. The company reported a strong cash position of $256.4 million, which is expected to support operations into the second half of 2027, providing a solid financial foundation for future growth.
The positive topline results from the Phase II TRANQUILITY study highlight the potential of pacibekitug as an effective treatment for cardiovascular disease, with favorable comparisons to existing treatments and no significant safety concerns. This, combined with the large market potential for ASCVD treatments and the scarcity of IL-6 inhibitors, suggests that Tourmaline Bio is undervalued. The anticipation of additional data and a planned Phase III trial further supports the potential for long-term success, reinforcing the Buy rating.
Katkhuda covers the Healthcare sector, focusing on stocks such as VYNE Therapeutics, Dianthus Therapeutics, and Vera Therapeutics. According to TipRanks, Katkhuda has an average return of 13.1% and a 43.62% success rate on recommended stocks.