EyePoint Keeps Speculative Strong Buy After Lugano Primary Endpoint Miss
EyePoint maintains a speculative strong buy with revised fair value of $19 per share, despite increased regulatory risk after Lugano’s primary endpoint miss. The valuation is described as compensating for binary outcomes, with a 70% chance fair value is at least $14 and a 20% chance of a $51 scenario. Earlier analysis valued DURAVYU at about $2.9B pre-dilution, reflecting substantial Phase 3 failure risk.