Oppenheimer analyst Hartaj Singh initiated coverage of Icosavax with an Outperform rating and $27 price target. Icosavax is a vaccine company with a "scalable" antigenic delivery platform, focusing on underserved populations with high unmeet needs, Singh tells investors in a research note. The company exits 2022 with "robust" Phase 1 data in respiratory syncytial virus, and with six-month durability, says the analyst. In 2023, Singh expects proof-of-concept in bivalent RSV and human metapneumovirus and 12-month RSV data. "We are bullish," the analyst writes.
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