Cantor Fitzgerald analyst Louise Chen upgraded Aclaris Therapeutics (ACRS) to Overweight from Neutral with no price target after the company earlier this week announced the in-licensing of two biologics from privately-held Biosion and a concurrent equity raise. Aclaris and Biosion’s biologics have competitive advantages to Tezpire and Dupixent, which are “both blockbuster drugs,” the analyst tells investors. Following the deal news, the firm says its upgrade is driven by the addition of “two potential blockbuster drugs” in BSI-045B and BSI-502.
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