Belite Bio, Inc - Price Target for Depositary Receipt (BLTE) Raised by 62.05% to 188.02
Revised Price Target: The average one-year price target for Belite Bio, Inc. has been increased to $188.02 per share, reflecting a 62.05% rise from the previous estimate of $116.02.
Analyst Range: Current analyst targets for Belite Bio range from a low of $141.40 to a high of $210.00 per share, indicating a 24.29% increase from the last reported closing price of $151.27.
Fund Sentiment: There has been a significant increase in institutional interest, with 45 funds reporting positions in Belite Bio, a 50% rise in the last quarter, and total shares owned by institutions increasing by 2,316.22% to 2,304K shares.
Major Shareholders: Key institutional shareholders include Ra Capital Management with 875K shares, Rtw Investments and Vestal Point Capital each with 312K shares, and Soleus Capital Management with 210K shares.
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Belite Bio Completes Enrollment in DRAGON II Trial for Stargardt Disease
- Trial Enrollment Completion: Belite Bio has completed enrollment of 60 subjects in its DRAGON II clinical trial, including 15 Japanese participants, marking a significant milestone in the treatment of Stargardt disease.
- NDA Filing Plans: The company plans to file a New Drug Application (NDA) with the FDA in the first half of 2026, paving the way for the market introduction of tinlarebant and enhancing its influence in the rare eye disease sector.
- Efficacy Validation: Tinlarebant achieved a 36% reduction in lesion growth in the pivotal Phase 3 DRAGON trial, becoming the first therapeutic candidate to demonstrate clinical efficacy in Stargardt disease, thereby strengthening its competitive position in the market.
- Multiple Designations Granted: Tinlarebant has received Breakthrough Therapy, Fast Track, and Rare Pediatric Disease designations in the U.S., as well as Orphan Drug Designation in the U.S., Europe, and Japan, highlighting its global market potential and the company's commitment to this drug.

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