In a report released today, Thomas Shrader from BTIG maintained a Buy rating on Coya Therapeutics, Inc. (COYA – Research Report), with a price target of $15.00.
Thomas Shrader has given his Buy rating due to a combination of factors including recent developments in the field of neurodegenerative disease treatment and specific advancements within Coya Therapeutics, Inc. The recent setbacks in ALS treatments, such as the limited effectiveness of Relyvrio and the failure of the RIPK1 inhibitor from Denali, have underscored the need for more potent therapeutic strategies. Shrader believes that Coya Therapeutics’ approach, which involves modulating T regulatory cells through low-dose IL2 combined with a CTLA4 activator, shows promise in addressing the underlying immune dysfunction in ALS and other neurodegenerative diseases.
Furthermore, the recent biomarker data from the AD/PD conference strengthens the case for Coya Therapeutics’ approach. The data suggest a significant role for the peripheral immune system in neurodegeneration, with notable differences in immune responses and inflammatory markers between FTD patients and healthy controls. This supports the broad applicability of T regulatory cell modulation as a therapeutic strategy. Additionally, the upcoming presentation by Coya SAB Chairman Dr. Stanley Appel on a novel biomarker correlated with survival in ALS adds to the potential for Coya’s approach to make a meaningful impact in the treatment of neurodegenerative diseases. These insights have contributed to Shrader’s optimistic valuation of Coya Therapeutics, Inc. with a Buy rating.
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Coya Therapeutics, Inc. (COYA) Company Description:
Coya Therapeutics Inc is a clinical-stage biotechnology company focused on developing proprietary medicinal products to modulate the function of regulatory T cells. It is developing its multi-modality Treg therapies for neurodegenerative, autoimmune, and metabolic diseases.
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