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Fly News Breaks for February 11, 2020
ADVM
Feb 11, 2020 | 07:31 EDT
SunTrust analyst Joon Lee raised his price target on Adverum Biotechnologies to $13 after the 17% rally in its stock price following the updated results from its OPTIC Phase 1 dose-ranging clinical trial of ADVM-022 intravitreal injection gene therapy. The analyst notes that the results were "incrementally positive", however he keeps his Hold rating, citing the "persistent inflammation" which may have a "biological basis".
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