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Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4 HC Wainwright Initiates Aptorum On Upcoming “Innovative Pipeline” – Aptorum Gr (NASDAQ:APM) – Stocks to Watch
HC Wainwright initiated coverage on Aptorum Group LimitedAPM with a Buy rating and a price target of $8.
The analyst is bullish on Aptorum based on three points:
Promising preclinical efficacy of lead product candidate ALS-4, both on a standalone basis and in combination with standard of care vancomycin, against Staphylococcus aureus (SA) infection.
Blockbuster potential of SACT-1’s in vivo neuroblastoma tumor reduction effects in combination with SOC chemotherapy
The significant potential of the company’s nascent programs and ongoing collaborations to generate future value and importantly, near-term revenues.
With Aptorum’s market cap of $39 million, the analyst believes revenues from Aptorum’s recent launch of NativusWell in Hong Kong de-risk concerns related to near-term financing needs.
HC Wainwright thinks the shares are an attractive value proposition ahead of initiation of a Phase 2a trial of ALS-4 in patients with SA infections, Phase 1b/2a study with SACT-1 in neuroblastoma, and expansion of NativusWell commercialization viewed as positive catalysts by year-end 2022 or early 1Q23.
Price Action: APM shares are up 4.40% at $0.9292 on the last check Friday.
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