Maxim analyst Jason McCarthy lowered the firm’s price target on AIM ImmunoTech (AIM) to $1 from $2 but keeps a Buy rating on the shares after meeting with its management to discuss the progress of Ampligen across its pipeline. The firm notes that the initial Imfinzi combo data from Phase 1b/2 DURIPANC study in metastatic pancreatic cancer shows a promising signal with stable disease in 2 out of 3 patients at 6 months, and though this is a small n- value, it is a highly challenging setting, the analyst tells investors in a research note. In long COVID, AIM has also identified moderate-to-severe fatigue as a target population based on the Amligen data from its Phase 2 in post-COVID fatigue, and the next step is to launch a follow-up study in this target setting, the firm added.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIM:
- AIM ImmunoTech granted U.S. patent for Ampligen for endometriosis treatment
- AIM ImmunoTech prices 4.65M shares at 27c in registered direct offering
- AIM reports preliminary data in Phase 1b/2 study of Ampligen, Imfinzi
- AIM ImmunoTech Adjusts Executive Compensation and Agreements
- AIM ImmunoTech completed a clinical patient data analysis on AMP-518