Analyst Keay Nakae of Chardan Capital reiterated a Buy rating on Coya Therapeutics, Inc. (COYA – Research Report), with a price target of $11.00.
Keay Nakae has given his Buy rating due to a combination of factors that suggest a strong potential for Coya Therapeutics, Inc.’s drug development initiatives. Specifically, Nakae is optimistic about the company’s strategy to use COYA 301 as a foundational therapy, which has shown promise in expanding and enhancing the suppressive function of Tregs to restore immune system balance. This is further bolstered by the addition of COYA 302, which includes a fusion protein expected to augment the effects of COYA 301 by targeting pro-inflammatory cells and cytokines.
Moreover, Nakae’s confidence is reinforced by the positive proof-of-concept data and the anticipated filing of an IND for COYA 302 in targeting ALS. The planned randomized controlled trial (RCT) for COYA 302, informed by FDA discussions, aims to validate the therapy’s efficacy through biomarker analysis and clinical endpoints. These developments, along with the drug’s potential to address unmet needs in immunomodulatory treatment, contribute to the Buy rating for Coya Therapeutics’ stock.
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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.
Read More on COYA:
- Coya Therapeutics to host conference call
- Coya Therapeutics Boosts Finances with Dr. Reddy’s Deal
- Coya expands pipeline for COYA 302 beyond ALS to include FTD and PD
- Coya announces pre-IND meeting, Type C meeting with FDA for COYA 302
- Coya Therapeutics files to sell 4.69M shares of common stock for holders
