Cowen analyst Joesph Thome initiated coverage of Xenon Pharmaceuticals with an Outperform rating, telling investors that he is "optimistic" about the successful development of lead asset XEN1101, a potassium channel opener for the treatment of epilepsy and depression, given what he calls "the compelling data generated to date." He sees XEN1101’s efficacy and safety profile as "compelling" and models a launch in 2026, with peak U.S. sales of $1.3B in 2039, Thome tells investors.
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