ACRS upgraded to Buy with $20 price target, stock gains 8%. Exclusive deal for BSI-045B may address unmet medical needs. Potential market for BSI-045B could yield $9.8 billion in peak sales. Approval probabilities for BSI-045B at 30% for asthma, 20% for dermatitis.
Aclaris licensed BSI-045B for global rights, excluding Greater China. BSI-045B shows promise for atopic dermatitis with positive Phase 2a results. Leerink upgraded ACRS, boosting price target from $2 to $7. Biosion receives $40 million upfront and potential $900 million in milestones. ACRS shares increased 55.60% following recent developments.
ACRS ranks #4 in Medical sector with strong performance. Zacks Rank #2 indicates a 'Buy' rating for ACRS. Earnings estimates for ACRS increased by 21.2% recently. ACRS has returned 31.4% this year, outperforming sector's 7.3%. ACRS is better positioned than its industry peers.