Aug. 19 at 6:31 PM
$HELP Helus Pharma: Buy Rating Reaffirmed as Phase 3 MDD Program Advances;
$70 Price Target Maintained
Patrick Trucchio has given his Buy rating due to a combination of factors tied to Helus Pharma’s late‑stage asset and corporate developments. The company has fully enrolled its pivotal APPROACH Phase 3 study of HLP003 in major depressive disorder, with clean drug‑drug interaction data that suggest minimal pharmacokinetic risk when used alongside standard antidepressants, reducing a key source of clinical uncertainty.
In addition, Helus has strengthened its leadership by appointing Michael Halstead, a seasoned executive with a strong track record in CNS drug commercialization, as CEO, which Trucchio views as an endorsement of the existing trial design and HLP003’s prospects...
https://www.tipranks.com/news/ratings/helus-pharma-buy-rating-reaffirmed-as-phase-3-mdd-program-advances-70-price-target-maintained-ratings-news