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Citi

June 10, 2026

The SMID Point

Market ReportEquitiesHealth CareInformation Technology

This report provides research updates on various companies including Blackstone Digital Infrastructure, PTC Therapeutics, Seaport Therapeutics, and Shattuck Labs, alongside industry commentary from the ADA 2026 conference.

Key Takeaways

  • 1.Citi initiated coverage on Blackstone Digital Infrastructure Trust (BXDC) with a Neutral rating, citing valuation concerns despite favorable industry trends.
  • 2.Lilly's retatrutide data at ADA 2026 demonstrated compelling efficacy (>30% weight loss) for obesity, suggesting broader adoption potential.
  • 3.Seaport Therapeutics (SPTX) data supports advancement of GlyphAgo into two phase 2 trials, with safety and efficacy milestones expected through 2028.

Table of Contents

  • Company
  • Industry

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Authors

Michael Rollins, CFANick JosephEric Joseph, PhDYigal Nochomovitz, Ph.D.Geoff Meacham, Ph.D.Anthony Pettinari

Securities

BXDC.NPTCT.OSPTX.OSTTK.O

Themes

Weight Loss Therapeutics PipelineData Center Asset Valuation

Regions

North AmericaUnited States