Stifel Initiates Roivant With Buy Rating, Sees $9 Billion Sales by 2037

โดย Insider Monkey·US·Read original
Summary · why it matters

Stifel initiated coverage of Roivant Sciences with a Buy rating and a $51 price target on September 16, projecting roughly $9 billion in ownership-adjusted sales for the company by 2037. The call centers on Lisraya, or brepocitinib, which the FDA approved on August 27 for adults with dermatomyositis, making it the first FDA-approved oral treatment for the rare disease. Roivant is also evaluating brepocitinib in non-infectious uveitis, with Phase 3 topline data expected in the second half of 2026, in cutaneous sarcoidosis, with Phase 3 data expected in 2028, and in lichen planopilaris, where enrollment in Part 1 of a Phase 2b/3 study is on course. Beyond brepocitinib, the anti-FcRn antibody IMVT-1402 is advancing in several autoimmune indications with clinical updates expected in 2026, and mosliciguat posted positive Phase 2 results in pulmonary hypertension associated with interstitial lung disease, showing a 56.3% placebo-adjusted reduction in pulmonary vascular resistance at Week 16, prompting a Phase 3 program. Roivant reported $3.9 billion in cash, cash equivalents, restricted cash, and marketable securities at June 30, and in July Genevant and Arbutus received an aggregate $950 million payment from Moderna through a patent infringement settlement, with Genevant receiving $771.6 million. Hedge fund interest rose to 64 holders at the end of Q2 from 60 in Q1 and 52 in Q4, while short interest stood at 33.5 million shares as of August 31, equal to 5.09% of the public float.

Impact on assets 4

Biotech & Genomic Medicine± Mixed · 3 stocks
Roivant Sciences Ltd
ROIV
▲ PositiveCapitalrelevance

Stifel initiated coverage with a Buy rating and $51 price target, projecting ~$9B in ownership-adjusted sales by 2037.

Arbutus Biopharma Corp
ABUS
▲ PositiveRegulationrelevance

Genevant and Arbutus received an aggregate $950M payment from Moderna via a patent infringement settlement, with Genevant getting $771.6M.

Moderna Inc
MRNA
▼ NegativeRegulationrelevance

Moderna paid an aggregate $950M to Genevant and Arbutus to settle a patent infringement case.

Defense & Geopolitical Fragmentation▲ · 1 stocks

Theme Impact 2

Off-coverage companies 1

Genevant SciencesPrivate▲ Positive
Regulationrelevance

Genevant received $771.6M of the $950M Moderna patent infringement settlement payment.

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