Roy Buchanan, an analyst from JMP Securities, reiterated the Buy rating on Hookipa Pharma (HOOK – Research Report). The associated price target remains the same with $5.00.
Roy Buchanan has given his Buy rating due to a combination of factors surrounding Hookipa Pharma’s promising pipeline and strategic developments. One key aspect is Hookipa’s HB-200 immunotherapy treatment for head-and-neck cancer, which is poised for an update at the upcoming ASCO meeting. This indicates progress in a novel treatment that could significantly impact the market for recurrent/metastatic HPV16-positive head-and-neck cancer. The forward-looking sentiment is bolstered by the company’s scheduled discussion on the HB-200 pivotal phase 2/3 trial design, suggesting a clear path forward for this potentially breakthrough therapy.
Moreover, Buchanan’s optimism is further fueled by the FDA’s acceptance of Hookipa’s Investigational New Drug (IND) submission for its HB-700 vaccine candidate targeting various KRAS mutations. This not only advances Hookipa Pharma’s pipeline but also triggers a substantial milestone payment from Roche, enhancing the company’s financial position. The potential for HB-700 to attract new partnership opportunities, along with the anticipation of preclinical data presentation at ASCO, contributes to a positive outlook for the company’s future and supports the Buy rating.
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Hookipa Pharma (HOOK) Company Description:
HOOKIPA Pharma, Inc. engages in the development of immunotherapeutics, targeting infectious diseases and cancers based on its proprietary its arenavirus platform that is designed to reprogram the body’s immune system. Its product include VaxWace, a replication-deficient viral vector; and TheraT, a replication-attenuated viral vector, are designed to induce robust antigen specific CD8+ T cells and pathogen-neutralizing antibodies. The company was founded by Rolf Zinkernagel, Andreas Bergthaler, Lukas Flatz, and Daniel Pinschewer in 2011 and is headquartered in New York, NY.
Read More on HOOK:
- HOOKIPA Pharma Announces FDA Clearance of its Investigational New Drug Application for HB-700 for the Treatment of KRAS-Mutated Cancers
- HOOKIPA Pharma Announces Grant of Inducement Award Under Nasdaq Listing Rule 5635(c)(4)
- Hookipa Pharma receives PRIME designation for HB-200 program
- HOOKIPA Pharma to Host Investor Call on HB-200 and Planned Path to Registration
- Hookipa Pharma reports Q4 EPS (22c), consensus (19c)