JPMorgan keeps an Overweight rating on Roivant Sciences (ROIV) after the company co-hosted a webinar to set expectations for brepocitinib’s dermatomyositis pivotal readout in the the second half of 2025. The threshold for a successful outcome is “within reach” given the mechanism of action is already partially de-risked based on off-label usage and past trials of JAKi, the analyst tells investors in a research note. JPMorgan views the upcoming dermatomyositis catalyst positively, saying there is little recognition for brepocitinib in Roivant shares today.
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