Hold Rating for MoonLake Immunotherapeutics Amid Clinical and Financial Challenges
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Samantha Semenkow maintains a Hold rating for MoonLake Immunotherapeutics due to concerns over recent clinical trial results and financial challenges. The Phase 3 VELA trial for sonelokimab did not achieve primary statistical significance, raising regulatory risks. Comparisons to Cosentyx are weakened by differing outcomes. Sonelokimab is less competitive against existing treatments, complicating its market potential. Financially, a significant stock drop limits capital access, affecting future funding. These factors have led to a reduced probability of success for future trials and a revised target price of $5 per share.
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