Positive Drug Development UpdatesThe study hit the DAS28-CRP primary endpoint for all doses vs. placebo, and rosnilimab demonstrated benefits on other key measures such as ACR20/50/70 scores which were largely durable out to week 38.
Strategic Corporate MovesANAB announced recently that it intends to separate into a biopharma business and a royalty business, which is seen as a strategic move.
Undervaluation And Financial PositionANAB is considered undervalued given shares continue to trade below the modeled value of the Jemperli royalty stream in addition to the company's cash balance.