Lucid Capital initiated coverage of Adagene (ADAG) with a Buy rating and $9 price target Adagene is a clinical-stage biotechnology company focused on discovering and developing novel antibody-based cancer immunotherapies, the analyst tells investors in a research note. The firm estimates peak sales of $1.2B by 2039 for the company’s lead asset muzastotug in metastatic colorectal cancer patients with no liver metastases. Lucid sees “significant” upside in the shares if the data continue to support a potential best-in-indication profile.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADAG:
- Adagene expands SAFEbody collaboration, license agreement with Exelixis
- Adagene appoints Hoos as Executive Advisor
- Adagene’s Promising Position in Next-Gen CTLA-4 Class: Buy Rating Reinforced by Clinical Success and Strategic Optionality
- Adagene’s Strategic Partnerships and Regulatory Milestones Drive Buy Rating
- Adagene price target lowered to $7 from $8 at H.C. Wainwright