Chardan Highlights Alumis’s (ALMS) Potential After Envudeucitinib Hits All Phase 3 Endpoints in Psoriasis Trials

Alumis Inc. (NASDAQ:ALMS) is one of the new stocks on the rise. On January 21, Chardan initiated coverage of Alumis with a Buy rating and a $37 price target driven by the significant potential of the company’s late-stage autoimmune pipeline. The firm’s outlook is driven by envudeucitinib, which is a TYK2 inhibitor that recently met all primary and secondary endpoints in two Phase III trials for moderate-to-severe plaque psoriasis. By showing high statistical significance in skin clearance and patient-repor ...