Mizuho raised the firm’s price target on Apellis is Pharmaceuticals to $49 from $42 and keeps a Neutral rating on the shares. The firm revised market share split assumptions for the complement inhibitors for geographic atrophy to 60%/40% for Apellis’ C3-based Syfovre and its main competitor, C5-based Izervay, versus. 50%/50% previously. The firm is giving Syfovre a slight edge for its longer and larger data sets.
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