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Benzinga
Benzinga
Business
Vandana Singh

Piper Comments On Increased Interest To Invest In Arcturus, 'Incrementally Positive' On Argenx

ARCT Arcturus argenx Sandler Nasdaq Piper Sandler

Piper Sandler noted that Arcturus Therapeutics Holdings Inc's (NASDAQ:ARCT) recently filed 10-K mentions funding of $25 million from a "pharmaceutical company" to run a clinical trial for LUNAR-COV19 vaccine candidate as a booster. 

  • According to analyst Yasmeen Rahimi, the investment either means that the undisclosed pharma company believes that ARCT-154 data will be positive or that they have already seen the data and decided to invest ahead of its disclosure. 
  • Either way, she believes that increased interest from "strategics" validates the LUNAR platform, and she has "high conviction" in a positive outcome for ARCT-154. 
  • Related: Arcturus Therapeutics' COVID-19 Booster Clinical Trial Show Encouraging Neutralizing Antibody Responses.
  • The analyst keeps an overweight rating and a $140 price target on Arcturus.
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