Baird analyst Madhu Kumar initiated Intellia Therapeutics with an Outperform rating and $23 price target. In a research note to investors, Kumar says he has early optimism that NTLA-2001, the company's transthyretin CIRSPR gene editing drug, has the potential to disrupt the treatment of hereditary TTR amyloidosis, or hATTR. Kumar thinks that a 2020 IND submission for NTLA-2001 could serve as a medium-term catalyst for Intellia shares.
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