MaaT Pharma Announces Initiation of Coverage of its Stock by Stifel with a Buy Rating and a
Target Price of EUR 16
Lyon, France, June 25th 2024 –6:00 pm CET – MaaT Pharma (EURONEXT: MAAT – the “Company”), a clinical-stage biotech company and a leader in the development of Microbiome Ecosystem TherapiesTM (MET) dedicated to improving survival outcomes for patients with cancer, announces the initiation of coverage of its stock by Stifel, a US-based investment bank.
With a research report published today, Stifel initiated coverage of MaaT Pharma with a Buy recommendation and a Target Price of EUR 16.
Stifel is a US-based full-service investment bank offering securities brokerage, trading, research, underwriting, and corporate advisory services globally. Stifel is the largest global provider of small-cap equity research, with specialist life-sciences and medical technology expertise (Source: Stifel Institutional | Global Coverage).
This new coverage strengthens the visibility of MaaT Pharma among international and especially American institutional investors. It also adds to the ongoing coverage by the brokerage firms, Gilbert Dupont/ Groupe Société Générale, Kepler Cheuvreux, KBC Securities, Kempen and Portzamparc/Groupe BNP Paribas. They all have a Buy recommendation, with a consensus target price of EUR 15.20.
About MaaT Pharma
MaaT Pharma, a clinical stage biotechnology company, has established a complete approach to restoring patient-microbiome symbiosis in oncology. Committed to treating cancer and graft-versus-host disease (GvHD), a serious complication of allogeneic stem cell transplantation, MaaT Pharma has launched, in March 2022, an open-label, single arm Phase 3 clinical trial in patients with acute GvHD, following the achievement of its proof of concept in a Phase 2 trial. Its powerful discovery and analysis platform, gutPrint®, enables the identification of novel disease targets, evaluation of drug candidates, and identification of biomarkers for microbiome-related conditions. The company’s Microbiome Ecosystem Therapies are produced through a standardized cGMP manufacturing and quality control process to safely deliver the full diversity of the microbiome, in liquid and oral formulations. MaaT Pharma benefits from the commitment of world-leading scientists and established relationships with regulators to support the integration of the use of microbiome therapies in clinical practice. MaaT Pharma is listed on Euronext Paris (ticker: MAAT).