TD Cowen Initiates on MapLight (MPLT); Says It’s Undervalued on Schizophrenia Alone

Thome’s bullish thesis is built astir ML-007C-MA, which is MapLight’s pb cause campaigner designed to amended connected the illustration of Cobenfy. Cobenfy is simply a Bristol Myers Squibb (NYSE:BMY) merchandise utilized for adults with schizophrenia. ML-007C-MA is simply a Cobenfy rival and MapLight intends it to enactment conscionable similar the second but with improved convenience.

MapLight’s cause targets the aforesaid M1/M4 receptor mechanics arsenic Cobenfy but with amended tolerability, safety, oregon dosing frequency, according to the company. The institution initiated the drug’s Phase 2 proceedings connected September 17, 2025, and expects the information to beryllium retired successful Q3 2026. MapLight is besides moving a Phase 2 survey of ML-007C-MA successful Alzheimer’s psychosis, an denotation that, if successful, would importantly grow the drug’s addressable marketplace beyond schizophrenia. A 2nd pipeline asset, ML-004, is successful a Phase 2 survey for autism spectrum disorder, oregon ASD, whose information is besides anticipated successful Q3 2026. Thome noted that the banal is undervalued based connected the schizophrenia accidental alone.

MapLight Therapeutics, Inc. (NASDAQ:MPLT) is simply a clinical-stage biotechnology company. It develops therapies for cardinal tense strategy disorders, including schizophrenia, Alzheimer’s illness psychosis, autism spectrum disorder, and Parkinson’s disease. Its pipeline includes aggregate cause candidates specified arsenic ML-007C-MA and ML-004.

While we admit the imaginable of MPLT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: David Abrams’ Hedge Fund Is Betting On These 8 Stocks and 10 Best Energy Storage Stocks to Buy According to Hedge Funds.

Disclosure: None. Follow Insider Monkey connected Google News.