Report
Olga Smolentseva

Initiation of coverage HUMANIGEN BUY – TP USD30 | Putting Lenz in the eye of cytokine storm

Humanigen - a biotech company that is leveraging its deep understanding in targeting GM-CSF, a key factor in inflammation, to develop effective treatment against diseases associated with cytokine storm (CS). While its lead asset, lenzilumab (lenz), has potential in other CS-like diseases, the recent impressive stock run (+515% since March 19, 2020) was spun by COVID-19 programme. With phase III expected to readout in Q4 2020, we see COVID-19 as a near-term commercial opportunity for the company. Over the longer-term, we believe that the stock could be supported by clinical catalysts in prevention of CAR-T-associated CRS and aGvHD.
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Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Olga Smolentseva

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