Truist initiated coverage of Upstream Bio (UPB) with a Buy rating and $47 price target Verekitug offers similarly robust efficacy as other TSLP-receptor inhibitors, but with a much improved dosing schedule via targeting the receptor, the analyst tells investors. Given the size of the market and verekitug’s value proposition, the firm thinks it could “easily become a mega-blockbuster drug,” the analyst added.
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