Barclays analyst Gena Wang upgraded Kodiak Sciences (KOD) to Equal Weight from Underweight with a price target of $17, up from $7. The firm says Roche’s Phase 2 vamikibart plus ranibizumab data in diabetic macular edema provide “important clinical validation” Kodiak’s for KSI-101. The clinical profiles are largely comparable and key opinion leader feedback suggest a low bar for practice adoption with KSI-101, the analyst tells investors in a research note.
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