William Blair initiated research coverage of Icosavax, Inc. (ICVX $34.09). Icosavax is a clinical-stage biotechnology company that uses its proprietary in silico designed virus-like particle (VLP) platform to develop vaccines for viral respiratory pathogens such as RSV and hMPV. In addition, Icosavax is exploring both booster and Beta-specific COVID-19 vaccine candidates.
Analyst Andy Hsieh said, “ We believe Icosavax stands to benefit from both the medical and investment communities’ interests in identifying novel approaches that could disrupt the vaccine development paradigm beyond COVID-19. On a macro perspective, following the COVID-19 pandemic, it is our opinion that the biotech sector is in a prime position to disrupt the vaccine space, which historically has been dominated by big pharma. This observation is corroborated by the recent large financing rounds both within private and public vaccine pure plays.”
He added, “We believe Icosavax’s virus-like particle (VLP) platform, in addition to its meticulous design using in silico techniques, differentiates it from other VLP modalities in that it is highly modular and amendable to incorporating a variety of antigens of interest. Furthermore, VLPs have consistently demonstrated robust activity to induce high levels and a broad spectrum of neutralizing antibodies in a durable fashion. In our view, Icosavax’s differentiated proprietary technology platform will position the company well to capture this trend.”
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Current Ratings Distribution (as of 8/22/21)
Outperform (Buy): 76%
Market Perform (Hold): 24%
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Market Perform (Hold): 13%
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