What To Know About SVB Leerink's Downgrade of Applied Molecular

SVB Leerink downgraded its rating of Applied Molecular AMTI to Market Perform with a price target of $2.00, changing its price target from $15.00 to $2.00.

Shares of Applied Molecular are trading down 9.2% over the last 24 hours, at $0.40 per share.

A move to $2.00 would account for a 406.33% increase from the current share price.

About Applied Molecular

Applied Molecular Transport Inc is a clinical-stage biopharmaceutical company leveraging its proprietary technology platform to design and develop a pipeline of novel oral biologic product candidates to treat autoimmune, inflammatory, metabolic, and other diseases. Its proprietary technology platform allows it to exploit existing natural cellular trafficking pathways to facilitate the active transport of therapeutic payloads across the intestinal epithelium (IE) barrier. Its product candidate, AMT-101, is an oral IL-10 fusion protein that has been designed for active transport across the IE barrier into local GI tissue. IL-10 is a potent immunomodulatory cytokine that is known to be the master regulator of immune homeostasis, including within GI mucosal tissue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.