Argenx reported positive data across all myositis subsets in a recent trial, showing clear signals in both primary and secondary endpoints, including time to response.
Jefferies reaffirmed its Buy rating on argenx, raising the price target to $707.00, citing the promising trial updates and the potential for quick adjustments to the Phase 3 study.
Argenx is expanding indications for Vyvgart, considering moving directly to Phase 3 trials with Zai Lab partnership data, and focusing on achieving operating leverage with SG&A expense discipline.
Analyst upgrades from Oppenheimer, Barclays, Raymond James, Wolfe Research, and Scotiabank reflect confidence in argenx's performance, particularly in myasthenia gravis (MG) and efgartigimod's potential.