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Vera Therapeutics initiated with an Overweight at Wells Fargo

Vera Therapeutics initiated with an Overweight at Wells Fargo

Wells Fargo initiated coverage of Vera Therapeutics (VERA) with an Overweight rating and $70 price target The firm says atacicept “sets a high bar” for B-cell agents in IgA nephropathy and is poised to capture $2B-plus sales, in an area of growing interest. Wells likes the Vera setup into major 2025 catalysts and sees a large opportunity for atacicept in the $10B IgAN market.

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