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It's been hard to miss the buzz around a new class of obesity medications , but one big drawback to these therapies is that they require a weekly injection. Enter biotech startup Structure Therapeutics , which is hoping to change that regimen with oral GLP-1 formulations for obesity and type 2 diabetes treatment. Structure went public earlier this month, raising $161 million in an upsized IPO.
mountain Shares have pulled back since the stock debuted earlier this month. "GSBR-1290 could help address a significant portion of patients who do not want injectable therapy or have limited access, given the oral route of administration," Seigerman wrote in a research note Tuesday. He rates the stock an outperform and has a $40 price target on it, which implies a 67% return from Monday's close.
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