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Annexon initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Annexon (ANNX) with a Neutral rating and $7 price target Annexon is a clinical-stage biotechnology company developing therapeutics for neuroinflammatory diseases via inhibition of the complement pathway, the analyst tells investors in a research note. Goldman views the company’s Phase data for vonaprument in geographic atrophy in Q4 as a “binary event.”

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