T. Rowe Price Investment Management Adds $677M in Apogee Therapeutics, Inc. ($APGE)
Key Points
- T. Rowe Price Investment Management changed its Apogee Therapeutics, Inc. ($APGE) stake by 277.0% last quarter, boosting to 10,300,984 shares worth $921.94 million.
- Wall Street's consensus rating on $APGE is Strong Buy and an average price target of $119.50.
- $APGE last traded around $89.50.
T. Rowe Price Investment Management increased its position in Apogee Therapeutics, Inc. ($APGE) by 277.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,300,984 shares of Apogee Therapeutics, Inc. after buying 7,568,528 shares during the quarter. T. Rowe Price Investment Management's holdings in Apogee Therapeutics, Inc. were worth $921.94 million as of its most recent filing.
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About Apogee Therapeutics, Inc.
Apogee Therapeutics, Inc., a clinical stage biotechnology company, develops novel biologics for the treatment of atopic dermatitis, asthma, eosinophilic esophagitis, chronic obstructive pulmonary disease, and other inflammatory and immunology indications in the United States. The company develops Zumilokibart (APG777), a subcutaneous (SQ) extended half-life monoclonal antibody (mAb) for the treatment of atopic dermatitis, which is in phase 2 clinical trials; and for the treatment of asthma and eosinophilic esophagitis which is in phase 1 clinical trial. It also develops APG279 which is in phase 1 clinical trial for the treatment of atopic dermatitis; APG273 which is in phase 1 clinical trial for the treatment of asthma and chronic obstructive pulmonary disease; and APG808, an SQ extended half-life mAb targeting IL-4Ra for the treatment of Type 2 allergic diseases. Apogee Therapeutics, Inc. was incorporated in 2022 and is headquartered in Waltham, Massachusetts.
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