TD Cowen says the reaction to Eli Lilly’s (LLY) Phase IIb trial data of peresolimab in RA “seems excessive,” as there were n=2 malignancies in each of the 1000/400mg pereso groups vs. 0% in placebo through week 12 and an additional n=4 through week 60. The firm says AnaptysBio (ANAB) management reiterated that rosnilimab’s profile remains clean and that there have been no reports of any malignancies in any trial. The firm has a Buy rating on AnaptysBio shares.
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