Barclays raised the firm’s price target on MoonLake Immunotherapeutics (MLTX) to $59 from $41 and keeps an Equal Weight rating on the shares after Acelyrin (SLRN) announced results from Part B of a Phase 2b/3 trial evaluating izokibep for the treatment of moderate-to-severe hidradenitis suppurativa. The firm says Acelyrin’s data, a potential competitor to MoonLake, disappointed.
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