BLTE - Belite Bio initiated with a Buy at Benchmark
- Benchmark analyst Bruce Jackson initiated coverage of Belite Bio ( BLTE ) with a Buy rating and $57 price target.
- The clinical-stage biopharmaceutical company's lead asset is LBS-008, which is designed to slow retinal degeneration in dry Age-Related Macular Degeneration, or dry AMD, and autosomal recessive Stargardt disease, or STGD1, for which there are currently no approved treatments.
- The next upcoming catalyst for the stock is the release of 12-month interim data from a Phase 1b/2 trial of LBS-008 for STGD1 that is expected in Q3, Jackson added.
- Belite Bio's SA Author Rating stands with a Hold rating.
- Since the start of 2022, Belite Bio's shares were up around 215% , and over a period of one year, shares were up around 215% .
- Shares are currently up ~7.26% to $33.4 today.
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Belite Bio initiated with a Buy at Benchmark