DeZwarteRidder schreef op 19 oktober 2023 15:32:
Diede schreef op 19 oktober 2023 15:27:
Coverage Initiation: Vivoryon: SELL - 1 €
Another swing and a miss in AD? Initiating with a SELL ahead of the phase 2b readout
During 2023, the amyloid hypothesis was clearly validated with the full approval of lecanemab. Vivoryon's varoglutamstat, which inhibits amyloid plaque formation but doesn't clear existing one, showed limited to no efficacy in a short phase 2a study with significant non-adherence. While the drug is under evaluation in two phase 2 trials (VIVA-MIND in the US and VIVIAD in the EU), we believe that the VIVIAD trial is likely to fail when topline results will be reported in Q1 2024. We initiate coverage with a SELL and a EUR 1 PT.
Koers dus van €1 door een analist van Bryan Garnier