Goldman Sachs Downgrades Apellis to Sell
Goldman Sachs cut Apellis stock to "Sell," lowering the price target to $18. Risks include slow near-term growth and lower Syfovre sales.
Goldman Sachs cut Apellis stock to "Sell," lowering the price target to $18. Risks include slow near-term growth and lower Syfovre sales.
Evaxion secured a major licensing deal for its AI-discovered vaccine, EVX-B3, with Merck & Co. (MSD), potentially worth over $600 million and validating Evaxion's groundbreaking AI platform.
Capricor's DMD drug (HOPE-3 trial) got key FDA alignment, speeding up the approval process using existing files. Data is expected mid-Q4, with potential approval by mid-2026. Shares jumped 9%.
A new agreement lets 51 million UnitedHealthcare members access the CNSide test starting 9/2025. This specialized test accurately finds cancer cells that have spread to the brain and spinal cord lining (leptomeningeal metastases), helping doctors choose the best treatment.
PepGen's DM1 drug (PGN-EDODM1) showed a record 53.7% splicing correction following a single dose. Experts expect this fix to lead to functional benefits for patients. A minor, reversible kidney issue was noted in one patient.
New pancreatic cancer drug (atebimetinib + chemo) shows "extraordinary" results: 86% overall survival (OS) at 9 months, far exceeding the 47% standard of care. Pivotal trials planned for late 2025.