H.C. Wainwright analyst Joseph Pantginis maintained a Buy rating on Fractyl Health, Inc. today and set a price target of $8.00.
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Joseph Pantginis has given his Buy rating due to a combination of factors that highlight the promising potential of Fractyl Health, Inc.’s innovative therapeutic approaches. The company has presented compelling preclinical data for its RJVA-002 gene therapy, which targets obesity through a novel mechanism involving the reprogramming of pancreatic islets. This approach has demonstrated significant weight loss in diet-induced obesity models, with results showing a notable reduction in body weight in treated subjects compared to controls.
Furthermore, the efficacy of RJVA-002 in achieving weight loss comparable to or exceeding current obesity treatments underscores the potential impact of Fractyl’s research and development strategy. The absence of adverse effects in preclinical trials further supports the safety profile of the therapy. These factors, combined with the anticipation of additional data and the upcoming clinical trials, reinforce the Buy rating as Fractyl continues to advance its pipeline of non-chronic therapeutic solutions for metabolic diseases.
According to TipRanks, Pantginis is a 3-star analyst with an average return of 2.5% and a 46.00% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Capricor Therapeutics, Cytokinetics, and Lexicon Pharmaceuticals.