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Argenx tops BEL 20 index, broker points to positive Vyvgart momentum



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Updates with U.S. listed shares

** Shares of Belgian biotech company Argenx ARGX.BR closed 3.5% higher at 485.10 euros, on Wednesday

** Stock topped Belgium's blue-chip BEL 20 index .BFX

** Analysts at brokerage KBC Securities say company's drug Vyvgart is still the top contender, despite a positive trial data from a competitor

** U.S.-listed shares of Argenx ARGX.O rose 4.6% to $543.57 during the trading hours

** Amgen AMGN.O, late onTuesday, reported favourable late-stage datafor its drug Uplizna to treat patients with arare muscle-weakening disease called myasthenia gravis

** "We deem the Uplizna dataset to be strong yet somewhat less compelling than Vyvgart" - KBC

** "Vyvgart has shown strong effects already at week 4, and thereby oversteps the efficacy of Uplizna at week 26" - brokerage

** Up to day'sclose, stockgained 41.2% YTD​




Reporting by Dimitri Rhodes and Puyaan Singh

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