
Eledon Pharmaceuticals (ELDN) is rated Buy, with tegoprubart showing strong promise post-Phase 2 in kidney transplantation and significant undervaluation versus risk-adjusted fair value. Tegoprubart targets kidney transplants, Type 1 Diabetes islet cell transplants, and ALS, with potential multi-billion dollar annual revenue if approved and established. Despite reliance on a single asset, ELDN's risk-adjusted fair value is $11.69 per share, over triple the current price, even after conservative success probabilities.








