The following are notes from Alex Karnal and Munib Islam’s best investment idea at the 11th annual J.P. Morgan / Robin Hood Investors Conference took place on October 24 and 25, 2023.
Best Idea: Alex Karnal (Braidwell)
Alex Karnal’s best investment idea from Braidwell is to buy shares of GPCR:
Buy GPCR (G-Protein-Coupled Receptor):
- GPCR has a market capitalization of 2.8 billion dollars.
- The lead asset is Oral GLP-1.
- The catalyst for potential share price appreciation is the upcoming Phase 2 data readout.
- If the Phase 2 results are positive, GPCR could trade up to an expected peak sales range of $3-10 billion, which implies significant potential share price appreciation.
- Diabetes and obesity are both diseases with significant unmet needs.
- The Phase 2 data from Structure, the company...
