Annexon: Lead GBS Therapy Stokes Near-Term Potential

  • Annexon is a speculative Buy due to its late-stage Tanruprubart program targeting the high unmet need in Guillain-BarrĂ© Syndrome. Tanruprubart could become the standard of care for GBS if approved, given the lack of FDA-approved therapies and limited competition. The company faces near-term risks: delayed regulatory filings, high cash burn, and a likely need for additional funding within a year.