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Guggenheim bullish on Keros Therapeutics stock driven by PAH treatment prospects

EditorEmilio Ghigini
Published 09/23/2024, 03:53 AM
KROS
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On Monday, Keros Therapeutics, Inc. (NASDAQ:KROS) stock received a Buy rating from Guggenheim, with a price target set at $96. The clinical-stage biotechnology company, known for its work on the growth factor-beta (TGF-β) superfamily signaling pathway, has garnered attention for its potential in treating a range of diseases.

The company's CEO, Jasbir Seehra, brings significant expertise from his time at Acceleron, contributing to the development of successful treatments such as sotatercept and luspatercept.

Guggenheim's positive outlook on Keros is largely due to the company's promising drug candidates, particularly in the field of hematology. The analyst highlighted elritercept, which is being investigated for the treatment of myelodysplastic syndromes and myelofibrosis, as commercially viable programs. These conditions are characterized by an imbalance in TGF-β pathway signaling, which Keros's treatments aim to correct.

The firm's bullish stance is further reinforced by the prospects of another Keros drug candidate, cibotercept, for the treatment of pulmonary arterial hypertension (PAH). The analyst's expectations for this particular treatment play a key role in the positive rating and high price target for the company's stock.

Keros Therapeutics focuses on developing a pipeline of drug candidates for diseases that involve an imbalance in the TGF-β pathway. This includes not only myelodysplastic syndromes and myelofibrosis but also extends to other serious conditions such as PAH, obesity, and more.

The company's strategic approach leverages the extensive experience of its CEO in TGF-β superfamily ligand trap drug development. This expertise is expected to drive the success of Keros's hematology programs and contribute to the company's growth in the biotechnology sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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