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published in Blogs
Dec 30, 2022
Akili (AKLI, $1.03) gets Equal Weight rating from Morgan Stanley

Akili (AKLI, $1.03) gets Equal Weight rating from Morgan Stanley

Morgan Stanley initiated coverage on Akili Inc. with a rating of Equal Weight and a price target of $2 on the stock.

According to the analyst, the digital medicine company’s product EndeavorRx could generate more than $200 million in peak sales in ADHD. EndeavorRx  got marketing authorization from the FDA in mid-2020 as a medical device for patients aged 8-12 with ADHD, and a commercial launch began in late 2022.

The analyst indicated that given the apparent skepticism of the market for digital therapeutics’ sales potential, a significant focus on early launch metrics such as script growth and refill rates is expected.

Akili’s pivotal data in ADHD patients aged 13-17 and 18+ is likely in the second half of 2023.

 

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