$AGMB

BMO Capital initiated coverage on Alnylam Pharmaceuticals (ALNY) with an Outperform rating and $318 price target, BioMarin Pharmaceutical (BMRN) with an Outperform rating and $98 target, and Ionis Pharmaceuticals (IONS) with a Market Perform rating and $60 target. Cantor Fitzgerald initiated Agomab Therapeutics (AGMB) with an Overweight rating. CLSA initiated KE Holdings (BEKE) with an Outperform rating and $23.8 target.

AG Mortgage Bank Plc said its Series 2 and 3 commercial paper issuance under a N5bn programme was fully subscribed, raising N3.97bn. The notes were issued June 10 to June 18 with tenors of 270 and 364 days and gross implied yields of 22.5% to 24%. FSDH Capital led arrangers. For FY2025, interest income rose 28.1% to N3.65bn and profit after tax doubled to N1.05bn.

Biotech gainers highlighted include Advanced Biomed (ADVB), up about 211% this week to $16.78, with no product sales and a recent SEC registration withdrawal. Novocure (NVCR) rose over 28% after Q2 results and raised 2026 revenue guidance to $710M-$725M. Medpace (MEDP) gained 14% on Q2 revenue of $707.3M and 2026 outlook. SciSparc (SPRC) and Agenus (AGEN) also rose; AgomAb (AGMB) gained on upcoming trial readouts.

Biotech gainers highlighted: Universe Pharma (UPC) surged 311% after agreeing to buy Best Praise International for $10.75M in shares to expand its China patent portfolio; Decoy Therapeutics (DCOY) rose 74% on a PIPE up to $21M; QuidelOrtho (QDEL) gained 32% on reports it may sell its point-of-care unit for about $1.5B; SELLAS (SLS) jumped 25% ahead of AML trial readouts.

Agomab Therapeutics said it has aligned with the FDA on the design of its NOV-ERA Phase 2b trial of ontunisertib for fibrostenosing Crohn’s disease, including a primary endpoint of endoscopic passability at Week 24. The randomized, double-blind study plans up to 320 adults and dosing begins in the second half of 2026.

AgomAb Therapeutics NV (NASDAQ:AGMB) secured a U.S. patent for its investigational drug AGMB-447, an ALK5 inhibitor for idiopathic pulmonary fibrosis, providing protection through at least 2041. This news follows optimistic analyst coverage from Leerink and JPMorgan, who issued Outperform and Overweight ratings, respectively, citing upcoming data readouts and promising pipeline developments. The company is poised for a significant year in 2026 with potential upsides in its treatments for fibrotic and inflammatory bowel diseases.

Leerink has initiated coverage on AgomAb Therapeutics (NASDAQ: AGMB) with an "Outperform" rating and a price target of $36. This announcement comes alongside similar "Overweight" initiations from JPMorgan and Morgan Stanley on the same day, indicating positive analyst sentiment for the biotechnology company. AgomAb had recently completed a $200 million IPO in early February.

Stifel analyst James Condulis initiated coverage on Amylyx Pharmaceuticals Inc (NASDAQ: AMLX) with a Buy rating and a $21 price target. This article also highlights three other significant analyst initiations for Tuesday, including Goldman Sachs on Once Upon A Farm PBC (NYSE: OFRM), Morgan Stanley on Agomab Therapeutics NV (NASDAQ: AGMB), and Stifel on SpyGlass Pharma, Inc. (NASDAQ: SGP), all with bullish ratings and specific price targets.