HC Wainwright Initiates Aptorum On Upcoming "Innovative Pipeline" - Aptorum Gr (NASDAQ:APM)

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  • HC Wainwright initiated coverage on Aptorum Group Limited APM with a Buy rating and a price target of $8.
  • The analyst is bullish on Aptorum based on three points: 

    • Promising preclinical efficacy of lead product candidate ALS-4, both on a standalone basis and in combination with standard of care vancomycin, against Staphylococcus aureus (SA) infection.
    • Blockbuster potential of SACT-1’s in vivo neuroblastoma tumor reduction effects in combination with SOC chemotherapy
    • The significant potential of the company’s nascent programs and ongoing collaborations to generate future value and importantly, near-term revenues. 

  • Related: Aptorum Highlights Updates On Clinical Validation of RPIDD Infectious Disease Molecular Diagnostics.
  • With Aptorum’s market cap of $39 million, the analyst believes revenues from Aptorum’s recent launch of NativusWell in Hong Kong de-risk concerns related to near-term financing needs. 
  • HC Wainwright thinks the shares are an attractive value proposition ahead of initiation of a Phase 2a trial of ALS-4 in patients with SA infections, Phase 1b/2a study with SACT-1 in neuroblastoma, and expansion of NativusWell commercialization viewed as positive catalysts by year-end 2022 or early 1Q23.
  • Price Action: APM shares are up 4.40% at $0.9292 on the last check Friday.

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Image and article originally from www.benzinga.com. Read the original article here.