Promising Clinical Data and Strategic Plans Support Buy Rating for Dianthus TherapeuticsWe believe the gMG data derisks claseprubart (active C1s mAb) w/ path fwd to a pot'l registrational study in gMG (pot'ly fast ~13wk MG-ADL endpt) and derisks efficacy+dosing for programs in CIDP (ph.III interim responder analysis in 2H26) and MMN (ph.II topline 2H26). DNTH is planning for an EOP2 mtg w/ FDA to get alignment on pivotal design, and co plans to explore 300mg Q2W and 600mg monthly dosing (based on encouraging OLE data). Although gMG is viewed as a competitive mkt, we believe: 1) claseprubart's profile is highly competitive, not just vs complement inhs, but also vs FcRns, based on sustained MG-ADL reductions vs rebounds w/ the gMG mkt will grow to incl more 1L pts w/ more self-admin tx options like DNTH's claseprubart.