Quantumup
Oct 1, 11:59 AM
Wedbush reiterated
$JBIO Outperform-
$47 after the Co. reported preliminary preclinical data for JADE301 at EADV and remained on track to kick off a Phase 1 healthy volunteer study in 4Q26.
$PFE $ROIV AZN ARGX
OTSKY TVTX VERA VRTX NVS
Wedbush said in its note: Preclinical JADE301 data demonstrates ~3x longer half-life vs. dazukibart (PFE, not covered). Additionally, the JADE301 SC and IV doses demonstrated similar time/concentration profiles. Phase 1 results will better inform on human dosing and safety.
Bottom line, we see the initial data appearing supportive.
No change to our JBIO estimates as we continue to leave JADE301 as upside to our estimates.
We look ahead to 2027 as an important turning point for JBIO with multiple readouts lining up including initial JUNIPER Phase 2 JADE101 data.
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