TD Cowen analyst Stacy Ku initiated coverage of Avalo Therapeutics (AVTX) with a Buy rating and no price target The company’s AVTX-009 is in a Phase II trial for hidradenitis suppurativa, with data expected in mid-2026, the analyst tells investors in a research note. The firm says key opinion leaders highlight the heterogeneous patient population and high unmet need. The leaders expect success with AVTX-009 with potential for a $1B-plus sales opportunity.
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