BTIG Starts Agios Pharma (AGIO) at Neutral
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BTIG initiated coverage on Agios Pharma (NASDAQ: AGIO) with a Neutral rating.
Analyst Ling Wang said, "We are initiating coverage of Agios Pharmaceutical (AGIO) with a Neutral rating. AGIO’s lead oncology assets, AG-221 and AG-120, have shown preliminary anti-tumor activities in AML. We view the market opportunity in AML as limited and the outcome of pivotal Phase III trials in R/R AML hard to handicap. The company’s rare genetic disease (RGD) program will probably become the key value driver, but we would await more definitive efficacy signals to become more bullish."
Shares of Agios Pharma closed at $40.55 yesterday.
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