Wells Fargo raised the firm’s price target on Acelyrin (SLRN) to $13 from $11 and keeps an Equal Weight rating on the shares. The firm is adjusting its model with a higher probability of success, POS, for lonigutamab rising to 50% from 30% based on the drug’s Phase 1/2 TED data, as it suggests it is active and looks similar to Xeris’ (XERS) Tepezza, but as a low volume subcutaneous dose, the analyst tells investors in a research note.
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