Jefferies downgraded Kodiak Sciences to Hold from Buy with a $3 price target after the GLEAM and GLIMMER studies did not meet their primary efficacy endpoints of showing non-inferior visual acuity gains for tarcocimab dosed every eight to 24 weeks after three monthly loading doses compared to aflibercept given every eight weeks after five monthly loading doses.
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Read More on KOD:
- Kodiak Sciences downgraded to Equalweight from Overweight at Capital One
- Kodiak Sciences (NASDAQ:KOD) Tanks after Tarcocimab Disappoints in Phase 3 Trials
- Kodiak Sciences falls 48% to $3.73 after discontinuing development of tarcocimab
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