H.C. Wainwright initiated coverage of Pelthos Therapeutics (PTHS) with a Buy rating and $60 price target Pelthos is a commercial stage biopharma company which launched its first drug, Zelsuvmi in July, the analyst tells investors in a research note. The firm says Zelsuvmi is the first and only at-home treatment indicated for the treatment of molluscum contagiosum, a “large, underserved market.” H.C. Wainwright expects continued commercial execution and outperformance on Zelsuvmi to drive share upside in the near term.
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