Morning Summary - Jul 20 2026

研报英文原文证据摘录

Morning Summary - Jul 20 2026

MORNING SUMMARY

July 20, 2026

Biotechnology: 2026 ESMO Preview - Abstract Titles Highlights Multiple Updates Across Our Biotech Coverage

Diagnostics & Life Sciences Tools: ESMO 2026 Regular Abstract Title Highlights in Our Diagnostics Coverage

Media, Internet & Communications Daily: Daily MIC: MLB Ratings Strength on Show for All-Star Game, Home Run Derby Sees

Dip in Move To Netflix; ESPN Affirms Push for Local Sports Rights; Warner Music Renews NetEase Deal

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Music Raises Price for First Time Since 2022; Judge to Rule on Paramount-WBD Case by July 22

Technology & Media: What Price Is Right? Weekly EV/Recurring Revenue Screen (2026 - Week 29)

INITIATION OF COVERAGE

AN2 THERAPEUTICS, INC. Buy

ANTX - BUY - Don't Miss This Turnaround Story: An Oral Hematocrit

Control Option For PV Would

Buy Rating and $9 Price Target Be Valuable; Initiating Coverage with a ANTX $4.68 Price$9.00Target

Brad Canino

212 823 6558, brad.canino@guggenheimpartners.com Current Q Next Q Current FY Next FY

$0.0 $0.0 $0.0 $0.0CLICK HERE TO ACCESS THIS REPORT

Published on July 19, 2026 Market Cap (M) Metric Mult Curr Yr. Mult Next Yr.

$169 Rev($)M - -

Key Message: We think ANTX shares can experience significant upside within the next 18 months if epetraborole proves to be the first oral drug

that controls hematocrit in patients with polycythemia vera (PV). Hematocrit control is the essential goal of therapy because it reduces thrombotic risk

in patients with PV, but today it is poorly achieved with frequent phlebotomies (blood draws) and cytoreductive therapies that have toxicity. Epetraborole has