Wedbush lowered the firm’s price target on Vera Therapeutics (VERA) to $26 from $34 and keeps a Neutral rating on the shares. The firm notes that the Q1 financial results update was uneventful. However, Wedbush highlights the ORIGIN 3 data remains on track for a Q2 2025 readout and represents one of the most meaningful near-term catalyst for the shares. Assuming positive ORIGIN 3 data, management plans to submit an atacicept BLA by Q4 2025, which would setup a late 2026 launch. Following the update, the firm is shifting its atacicept launch out to Q4 2026.
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