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Deutsche Bank has adjusted its price target for Denali Therapeutics Inc. to $29 from $31 while maintaining a Buy rating. The biopharmaceutical company focuses on developing therapies that can cross the blood-brain barrier for neurodegenerative and lysosomal storage diseases, with seven clinical candidates in development. Key programs include tividenofusp alfa for MPS II, a LRRK2 inhibitor for Parkinson's disease, and an eIF2B activator for ALS, among others.
AbbVie has agreed to acquire Aliada Therapeutics for $1.4 billion, gaining access to innovative drug delivery technology aimed at overcoming the blood-brain barrier and a clinical-stage Alzheimer’s treatment, ALIA-1758. This move aligns with AbbVie’s focus on neuroscience, enhancing its capabilities in developing therapies for neurological disorders. The deal is expected to close by year-end and reflects a strategic investment in a sector facing challenges but also potential breakthroughs.
Denali Therapeutics Inc.
Companies
| Symbol | DNLI |
| Name | Denali Therapeutics Inc. |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Pharmaceuticals, Biotechnology & Life Sciences |
| Industry | Biotechnology |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | South San Francisco |
| Zipcode | 94080 |
| Website | http://www.denalitherapeutics.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Deutsche Bank lowers Denali Therapeutics price target while maintaining buy rating
13:42 03.03.2025
abbvie acquires aliada therapeutics for 1.4 billion to enhance neuroscience portfolio
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