Akouos, Inc (AKUS)

Etorro trading 970x250
Akouos, Inc (AKUS) Logo

About Akouos, Inc

Akouos, Inc., a precision genetic medicine company, develops gene therapies to restore, improve, and preserve physiologic hearing for people worldwide. The company’s precision genetic medicine platform incorporates a proprietary adeno-associated viral vector library and a novel delivery approach. Its lead product candidate, AK-OTOF, a gene therapy for the treatment of hearing loss due to mutations in the OTOF gene. Akouos has strategic partnerships with Massachusetts Eye and Ear and Lonza, Inc. The company was founded in 2016 and is headquartered in Boston, Massachusetts. Address: 645 Summer Street, Boston, MA, United States, 02210

Akouos, Inc News and around…

Latest news about Akouos, Inc (AKUS) common stock and company :

Akouos to Present at Jefferies Gene Therapy/Editing Summit
20 Oct, 2021 Yahoo! Finance

BOSTON, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Akouos, Inc. (“Akouos”) (NASDAQ: AKUS), a precision genetic medicine company dedicated to developing potential gene therapies for individuals living with disabling hearing loss worldwide, today announced that Manny Simons, Ph.D., M.B.A., co-founder, president, and chief executive officer of Akouos, will participate in a presentation at the Jefferies Gene Therapy/Editing Summit on Wednesday, October 27 at 9:30 a.m. EDT. A live webcast of the presentation

Oversold Conditions For Akouos (AKUS)
18 Oct, 2021 FinancialContent

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100..

5 Value Stocks To Watch In The Healthcare Sector
27 Sep, 2021 FinancialContent

The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same ...

5 Value Stocks In The Healthcare Sector
20 Sep, 2021 FinancialContent

What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same ...

Akouos to Present at Upcoming September Virtual Investor Conferences
07 Sep, 2021 FinancialContent
Peek Under The Hood: PBSM Has 18% Upside
24 Aug, 2021 FinancialContent

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco PureBeta MSCI USA Small Cap ETF (PBSM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $45.47 per unit.

The Daily Biotech Pulse: J&J Announces CEO Transition, FibroGen's Roxadustat Approved In Europe, GeoVax, Sorrento Announce COVID-19 Vaccine Data
20 Aug, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting ...

The Daily Biotech Pulse: Coherus Soars On Lung Cancer Data, Illumina Closes On Grail Buy Without Regulatory Clearance, Adagene Strikes Collaboration With Merck
19 Aug, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting ...

The Daily Biotech Pulse: AzurRx Jumps On Data, Agios' Regulatory Application For Mitapivat Accepted For Priority Review, FDA Nod For GlaxoSmithKline
18 Aug, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting ...

Akouos Reports Second Quarter 2021 Financial Results and Provides Business Highlights
12 Aug, 2021 FinancialContent
Akouos' Hearing Loss Gene Therapy Poised To Receive Orphan Drug Tag In Europe
11 Aug, 2021 FinancialContent

The European Medicines Agency (EMA) Committee for Orphan Medicinal Productshas issued a positive opiniononAkouos ...

The Daily Biotech Pulse: FDA Rejects FibroGen's Anemia Drug, Crinetics Gains On Positive Readout, BioCryst Withdraws Public Offering
11 Aug, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting ...

Akouos Announces European Commission Designation of AK-OTOF for the Treatment of Otoferlin Gene-Mediated Hearing Loss as an Orphan Drug
11 Aug, 2021 FinancialContent
Akouos to Present at Upcoming August Virtual Investor Conferences
04 Aug, 2021 FinancialContent
The Daily Biotech Pulse: Pfizer, Bristol-Myers Squibb Earnings, Amgen Goes Shopping, GlaxoSmithKline-Vir's COVID-19 Antibody Treatment Supply Deal
28 Jul, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting ...

The Daily Biotech Pulse: ObsEva Surges On Out-Licensing Deal, EyeGate Appoints New CEO, 2 Positive Catalysts For Merck, Candel Therapeutics Debuts
27 Jul, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting ...

Surprising Analyst 12-Month Target For WDNA
23 Jul, 2021 FinancialContent

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the WisdomTree BioRevolution Fund ETF (WDNA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.57 per unit.

The Daily Biotech Pulse: Priority Review For Amgen's Asthma Treatment, Evaxion Reports Positive Skin Cancer Readout, Quidel Recalls Lyra COVID-19 Test
08 Jul, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting ...

55 Biggest Movers From Friday
28 Jun, 2021 FinancialContent

Gainers IKONICS Corporation (NASDAQ: IKNX) shares surged 64.3% to close at $18.56 on Friday after the company reported a merger ...

Should You Take Comfort From Insider Transactions At Akouos, Inc. (NASDAQ:AKUS)?
23 Jun, 2021 Yahoo! Finance

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

Peek Under The Hood: VTWG Has 21% Upside
17 Jun, 2021 FinancialContent

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Russell 2000 Growth ETF (VTWG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $268.58 per unit.

The Daily Biotech Pulse: CorMedix Slumps On Delay In Resubmission of DefenCath NDA, Apellis Awaits FDA Decision, Vera Therapeutics Debuts
14 May, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting ...

Akouos Reports First Quarter 2021 Financial Results and Provides Business Updates
13 May, 2021 FinancialContent
The Daily Biotech Pulse: Minerva, InflaRx Report Positive Data Readouts, Lucira COVID-19 Test Kit Available On Amazon, Decision Day For Heron
12 May, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting ...

Akouos Presents Nonclinical Data Supporting Future Clinical Development of AK-OTOF and AK-antiVEGF at the American Society of Gene and Cell Therapy 24th Annual Meeting
11 May, 2021 FinancialContent
The Daily Biotech Pulse: Split Verdict For Chemocentryx, NKarta-CRISPR In Cell Therapy Collaboration, Orphazyme's Clinical Trial Setback, 2 IPOs
07 May, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting ...

Akouos Appoints Dr. Kathy Reape as Chief Development Officer
07 May, 2021 FinancialContent
Akouos to Present at Bank of America 2021 Virtual Healthcare Conference
07 May, 2021 FinancialContent
The Daily Biotech Pulse: Merck's Keytruda Snags Another FDA Approval, Moderna Slips On Revenue Miss, Chemocentryx Adcom
06 May, 2021 FinancialContent

Here's a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting ...

Analysts Bet on These 2 Biotech Stocks; See Over 50% Upside Potential
29 Apr, 2021 Yahoo! Finance

Investors are always on the lookout for the best returns, and seeking stocks with potential for great upside. At first glance, biotech stocks wouldn’t seem to be great candidates for success – they come along with high overheads and expensive product research, and long lead times before taking anything to market. But that hasn’t stopped investors from putting money into highly speculative biotech companies. The keys here are a willingness to shoulder some risk, and an understanding that success will be based not on traditional factors like earnings and sales metrics but on clinical trial results and governmental regulatory decisions. Investors in biotech stocks need to find targets with positive catalysts on the near- to mid-term horizon, including promising drug candidates and/or novel approaches to unmet medical needs. Find these, invest patiently, and wait – the upside potential is often immense. Using the TipRanks platform, we’ve found two clinical-stage biotech companies which fit that profile. Let’s take a look at their details, along with recent commentary from Wall Street’s analysts. Viracta Therapeutics (VIRX) We’ll start with Viracta, a clinical stage biotech firm focused on the treatment of Epstein-Barr related cancers. E-B is one of the most common virus infections found in humans; it is part of the herpes family of viruses, is known as the cause of infectious mono – and has been reliably linked to a range of cancers, including various lymphomas, and gastric and nasopharyngeal cancers. Estimates are that 90% or more of the world population carries the virus, and it results in more than 250,000 viral-related cancers annually. Clearly, finding a targeted treatment for cancers caused by a nearly ubiquitous viral infection will have a strong impact on public health. Viracta has one drug candidate in its research program, nanatinostat. This candidate has been granted a Fast Track Designation by the FDA for use in combination with the anti-viral drug valganciclovir as a treatment for EBV+ lymphoid malignancies. In combination, nanatinostat targets the viral genome and induces a specific genetic expression; the anti-viral then disrupts the DNA replication cycle and kills the tumor. Results in Phase 1b/2 clinical trials were positive, and a further clinical trial, the NAVAL-1 pivotal trial, is planned for later this year. In addition to the Fast Track Designation, the nanatinostat/valganciclovir combination has also received Orphan Drug Designations in the treatment of T-cell lymphoma, plasmablastic lymphoma, and post-transplant lymphoproliferative disorder. These programs are still in pre-clinical research phases, with a Phase 1b/2 clinical study scheduled for 2H21. Earlier this year, Viracta completed a merger with Sunesis Pharmaceuticals, an all-stock deal that ended with Viracta shareholders owning 86% of the combined company, with 14% going to Sunesis investors. The merger will allow the combined company to focus on Viracta’s development pipeline – and it put the VIRX ticker on the NASDAQ. VIRX held over $120 million in cash and cash equivalents as of the merger closure on February 24. During the merger, Viracta gained ownership of two clinical-stage drugs in Sunesis’ pipeline. On March 23, Viracta announced that it had reached an agreement with XOMA by which XOMA purchased the future milestones and royalties of the Sunesis candidates. The purchase included an up-front payment of $13.5 million, along with up to $20 million in future payments based on a pre-commercialization, event-based milestone. The sale to XOMA allows Viracta to focus on the EBV+ nanatinostat pipeline. In a recent report on Viracta, Leerink analyst Andrew Berens said, “We think the drug will carve a niche in later lines of therapy, eventually moving earlier as physicians gain experience with the drug and company generates additional data. Could see some usage in patients who are unable to get full intensity standard of care because of EBV infection.” In a key point, the analyst adds, “This provides the company with multiple shots on goal, given that the pivotal NAVAL-1 trial, set to initiate in 2Q21, will simultaneously evaluate a number of cohorts.” Berens initiated coverage with a Buy rating and an $18 price target, suggesting room for an 82% one-year upside. (To watch Berens’ track record, click here.) There are three reviews on file for this ticker, and they are unanimous – all recommend to Buy this stock. This clear positive outlook gives VIRX a Strong Buy analyst consensus rating. The shares are selling for $9.89, and their $33 average price target implies an upside of 234%. (See Viracta’s stock analysis at TipRanks.) Akouos, Inc. (AKUS) The next stock we’re looking at, Akouos, offers investors a chance to truly get in on the ground floor. This company’s work is still at the pre-clinical stage – but it offers a great deal of potential. Akouos has locked onto the fact that most hearing disorders are genetically based, and that current treatment is dependent on hearings aids and cochlear implants. The company is looking for a different approach, one not based on mechanical assistance. Akouos is developing a series of targeted adeno-associated viral (AAV) vector-based gene therapies for hearing loss. That novel approach, if successful, will offer hearing loss patients a less invasive route for treatment. The AAV approach aims to put corrected copies of the affected genes directly into the inner ear, allowing the body to heal itself and restore hearing. This is a truly novel approach to the problem, and the work is still in its early phases. Akouos has six product candidates, at various levels of preclinical testing. Earlier this month, Akouos announced an important milestone in its AK-OTOF program. The drug candidate was granted both Orphan Drug Designation and Rare Pediatric Disease Designation by the FDA. These designations open pathways for faster regulatory review, as well as funding assistance. Akouos plans to submit its investigational new drug application (IND) for AK-OTOF in 1H22. On the business end, Akouos finished 2020 with over $308 million in cash on hand, and in February the company raised $105 million in gross proceeds from a Series B financing round. This comes after last summer’s IPO, held in June, in which the company put 14.375 million shares on the public market at $17 each. The IPO raised $244.4 million before expenses. These recent cash infusions bode well for Akouos’ ability to maintain its research programs; the company’s cash position has improved dramatically since December 2019, when it had just $25.1 million available. 5-star analyst Joseph Pantginis, of H.C. Wainwright, initiated coverage of this stock recently. Noting the company’s novel approach to a serious problem, he writes, “Akouos’ approach is promising in our belief, as it leverages synthetic AAV variants (known as ancestral AAV or AAVAnc) to provide the appropriate missing gene to the entire sensory epithelium in the inner ear with high efficiency. Importantly, the therapy is coupled with a novel, minimally invasive surgical delivery strategy which overcomes the common limitations associated with reaching the inner ear.” At the bottom line, Pantginis gives a bullish outlook: “We project Akouos emerging as a key player in the space. We see the company’s clear focus and innovative approach as highly competitive in the current landscape of hearing loss disorders.” The analyst initiated a Buy rating on AKUS, and his $25 price target indicates room for 57% share growth in the next 12 months. (To watch Pantginis’ track record, click here.) Akouos has been in the public markets for just 10 months, and in that time has picked up 5 analyst reviews. These break down 4 to 1 favoring the Buys against the Hold, and give the stock its Strong Buy consensus rating. AKUS is trading for $15.96, with a $30 average price target suggesting a one-year upside potential of 88% from that level. (See Akouos’ stock analysis at TipRanks.) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Akouos, Inc (AKUS) is a NASDAQ Common Stock listed in , ,

970x250