Leerink initiated coverage of Adagene (ADAG) with an Outperform rating and $7 price target The firm’s positive view of the company and stock is grounded in enthusiasm for the company’s lead program, muzastotug, which is a conditionally masked CTLA-4 antagonist. As emphasis on biotech in China increases, Adagene is well positioned to benefit from increased investment in the region, Leerink adds.
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 Advances Clinical Plan for ADG126 in Colorectal Cancer After FDA Meeting
- Adagene announces regulatory update on development plan for muzastotug
- Adagene and ConjugateBio partner to develop antibody drug conjugate
- Adagene Secures $25 Million Investment from Sanofi to Advance Cancer Therapies
- Adagene announces up to $25M strategic investment from Sanofi