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Werewolf abstract shows positive signals for WTX-124, says H.C. Wainwright

Werewolf Therapeutics released a positive SITC update for WTX-124 showing IL-2 INDUKINE can hide in plain site, H.C. Wainwright analyst Andres Maldonado tells investors in a research note. It’s clear that WTX-124 is exhibiting dose-proportional PK which thus far has yielded low levels of active IL-2, which is responsible for the improvement of the safety profile, the firm says. No change was made to the firm’s Buy rating or $15 price target.

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