NewAmsterdam Pharma's 'best-in-class' cholesterol treatment could lead to a more than $2 billion revenue opportunity, according to RBC.
NewAmsterdam Pharma 's latest drug treatment could lead investors to a windfall, according to RBC Capital Markets. The investment bank initiated coverage of the biopharmaceuticals firm with an outperform rating and $25 price target. That implies more than 270% potential upside compared with the stock's close of $6.70 on Friday. Shares of NewAmsterdam are down nearly 37% since the start of the year.
mountain chart "We believe the Street is overlooking NAMS given past failures of CETP inhibitors and gradual launches of recent lipid drugs; however we believe obicetrapib is a best-in-class molecule optimized for LDL reductions with an attractive therapeutic profile," he wrote. Timashev believes that obicetrapib, a cholesterol-lowering treatment, "can succeed where others have failed" due to the drug's specific and idiosyncratic properties.
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