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Annexon initiated with a Buy at Chardan

Chardan analyst Daniil Gataulin initiated coverage of Annexon (ANNX) with a Buy rating and $16 price target The firm cites the commercial potential of the company’s complement C1q inhibitors tanruprubart in Guillain-Barre syndrome and vonaprument in geographic atrophy for the Buy rating. It sees additional upside potential from tanruprubart in Huntington’s disease.

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