Report
Alex Cogut

Izokibep's failure makes M&A slightly more likely but needs to materialize in Q1 to justify the valuation

With the recent surprise fail by competitor Acelyrin with izokibep in a phase 2b/3 in HS, we see a more open field for MoonLake's sonelokimab although it does potentially invalidate the small size advantage touted. That said, we believe it was a trial failing the drug situation with izokibep so the
Underlying
MOONLAKE IMMUNOTHERAPEUTICS

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
Alex Cogut

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