H.C. Wainwright raised the firm’s price target on Avalo Therapeutics (AVTX) to $25 from $15 and keeps a Buy rating on the shares. AbbVie’s (ABBV) latest hidradenitis suppurativa data validates IL-1 but caps efficacy at 45%-50% HiSCR75, positioning AVTX-009 for success, the analyst tells investors in a research note.
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