Quantumup
Oct 29, 10:33 AM
Truist reiterated
$MBX Buy-
$88 and said--We see favorable risk/reward heading into MBX-4291's (GLP-1/GIP; obesity) 4Q26 readout.
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$VKTX [[ NVO LLY KLRA GPCR ]]
Truist added--We believe MBX-4291's potential for differentiation comes from -
1) Once-monthly dosing;
2) Low peak-to-trough drug exposure that aims to improve Gl tolerability;
3) Better adherence relative to weekly injections.
In our view, if '4291 achieves our base case of 7-9% weight loss, 0-15% GI-AEs and PK that confirms monthly dosing, we could see shares up +15-25%.
While we acknowledge the strength of competitor data (i.e. VK2735, Bero), we believe that a full-package asset that captures a segment of the >
$100B obesity market would be value-creating and also attractive to potential large cap buyers.
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