Clear Street raised the firm’s price target on MoonLake Immunotherapeutics (MLTX) to $45 from $12 and keeps a Buy rating on the shares after company’s Type B FDA meeting confirmed that no additional clinical trials are required and the current dataset is sufficient for a BLA submission and to establish sonelokimab’s substantial evidence of effectiveness. There is a path to a “compelling label” with Mira efficacy results included alongside the Vela trials, the analyst tells investors.
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