Avalo Therapeutics has successfully completed the enrollment phase for its pivotal Phase 2 LOTUS trial for AVTX-009, its lead drug candidate. This is a significant milestone that could enhance investor confidence and positively influence the stock's performance in the upcoming months.
Stifel initiated coverage on Avalo Therapeutics, rating it as Buy. AVTX-009 is targeting hidradenitis suppurativa with Phase 2 trials underway. Topline data for AVTX-009 is expected by 2026. Stifel anticipates strong potential in HS market with over $2 billion revenue. Avalo's current cash is sufficient to fund operations into 2027.