Sep. 24 at 8:06 PM
BTIG⬆️
$MNPR's PT to
$104 from
$87, reiterated at a Buy and said,
$MNPR announced a published letter to the editor by leading Wilson's disease KOLs in the Journal of Hepatology detailing an updated copper balance analysis from the ph 2 copper balance study conducted by AstraZeneca (
$AZN, NR).
Overall, the authors' analysis and conclusions provide an external validation of
$MNPR's view that AZN's copper balance calculation was flawed, with pt by pt data showing consistent negative trends in copper balance for a majority of pts. We think the update provides a solid data point for
$MNPR to discuss with the FDA as they prepare for an NDA in early 2026 and supports our PoS increase for ALXN1840, driving our new
$104 PT. Reiterate our Buy rating.