TD Cowen initiates Electra stock with buy on drug potential
TD Cowen initiated coverage on Electra (NASDAQ:ETRA) with a buy rating, highlighting the potential of its drug candidate ipsoprubart for treating secondary hemophagocytic lymphohistiocytosis. The company has a market cap of $585 million and has seen a 30% year-to-date decline. Analysts estimate $3.8 billion in sales by 2035, excluding upside from ELA822. Electra is preparing for an IPO, with significant investor demand.
