2020-12-07 07:45:12 RARE Ultragenyx
12/07/20 12/0707:45 12/07/2007:45 | Ultragenyx downgraded to Neutral from Outperform at WedbushWedbush analyst Laura Chico downgraded Ultragenyx to Neutral from Outperform with a price target of $110, up from $105. The analyst believes the presentation of GTX-102 data in Angelman Syndrome reinforced the up/down nature of the preliminary Phase 1/2 study with lead investigator Elizabeth Berry-Kravis calling the study a "rollercoaster ride." While clinical outcomes were described as "phenomenal responses," the emergence of serious adverse events affecting the patients' ability to walk created an unacceptable adverse event profile at higher doses, Chico contends. |
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