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Septerna initiated with an Overweight at Wells Fargo
The Fly

Septerna initiated with an Overweight at Wells Fargo

Wells Fargo analyst Derek Archila initiated coverage of Septerna (SEPN) with an Overweight rating and $43 price target The firm believes there is upside for the shares on SEP-786’s Phase 1 results, which it says “will be de-risking given the precedent datasets” for other parathyroid hormone programs. At this point, Wells views Septerna’s SEP-631 “as a free call option.” It likes the the company’s Native Complex platform approach and thinks SEP-786’s preclinical data should translate well to the clinic.

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