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Fly News Breaks for September 13, 2019
MRNA
Sep 13, 2019 | 06:03 EDT
Piper Jaffray analyst Edward Tenthoff raised his price target for Moderna to $32 from $30 after the company presented interim Phase I data on mRNA-1944 showing dose-dependent functional Chikingunya antibody production. These data have important read-through to Moderna's orphan disease pipeline, Tenthoff tells investors in a research note. He believes the company's pipeline is advancing and reiterates an Overweight rating on the shares.