Jan. 14 at 1:01 PM
Cantor reiterated Top Pick
$PHAT at an Overweight rating and a
$29 PT.
Cantor said:
As we enter a new calendar year, we are connecting with our companies under coverage to help set the stage for what to expect in 2026, and providing a refresher on our views.
We spoke to PHAT management today (1/13), who pre-announced revenues for their potassium-competitive acid blocker or "PCAB" therapy, VOQUEZNA for H. pylori infection, erosive GERD and non-erosive GERD. 2025 sales are expected to come in around ~
$175M and the company surpassed one million prescriptions dispensed in the U.S. since launch.
PHAT expects to achieve operating profitability in 2H26, minus stock-based compensation. PHAT is one of our top picks.