topstockalerts
Oct 1, 8:38 PM
Raymond James updated its healthcare “top picks” list for October, adding Xencor and Calyxt while replacing Relay Therapeutics and Tyra Biosciences, respectively. The firm also added UnitedHealth Group, replacing Oscar Health.
For Xencor, Raymond James cited upcoming data at the ESMO conference in late October as a potential near-term catalyst. The firm is watching for a positive readout and a clearer path toward pivotal development of XmAb819 in clear-cell renal cell carcinoma.
Calyxt was added as its pipeline becomes more de-risked. The company expects to report initial Phase 2 data for CLYM116 next year, potentially providing further evidence on efficacy and dosing in IgA nephropathy before a Phase 3 study. Additional budoprutug data are expected in the fourth quarter of 2026 across pMN, ITP and SLE, three high-value indications.
Raymond James also highlighted budoprutug’s potential subcutaneous formulation.
$XNCR $CLYM
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