TD Cowen initiated coverage of MBX Biosciences (MBX) with a Buy rating and no price target The firm believes the company’s Prostate Secretory Protein platform is supported by “world-class chemistry with strong management.” Canvuparatide exceeded high expectations with the recent Phase II hypoparathyroidism data, which provides conviction in Phase III success, the analyst tells investors in a research note. TD estimates peak sales of $2B.
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