Kodiak Sciences Inc. (KOD) Remains Best Positioned After ADVM Setback - Jefferies

April 29, 2021 9:05 AM EDT
Get Alerts KOD Hot Sheet
Price: $102.02 +2.13%

Rating Summary:
    8 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 46
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Jefferies analyst Michael Yee reiterated a Buy rating and $190.00 price target on Kodiak Sciences Inc. (NASDAQ: KOD) after Adverum Biotechnologies (NASDAQ: ADVM) announced one DME treated patient had severe inflammation causing blindness in the treated eye and further monitoring of pts - casting increasing doubt on the risk/ benefit for gene therapy in wAMD.

The analyst stated "We think KOD continues to be well positioned as a potl best-in-class VEGF inhibitor with long durability. Primary investor pushback is just a waiting game until Phase III wAMD data reads out in early 2022, perceived unknown risks around safety until everything reads out, and high bar against existing drugs w/ low tolerance for risk by docs, and various debates about pricing, rebating, and other factors over time (docs are very balanced in this respect in all our diligence calls)."

For an analyst ratings summary and ratings history on Kodiak Sciences Inc. click here. For more ratings news on Kodiak Sciences Inc. click here.

Shares of Kodiak Sciences Inc. closed at $122.21 yesterday.

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