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Fly News Breaks for August 15, 2019
RARE
Aug 15, 2019 | 14:23 EDT
JMP Securities analyst Liisa Bayko maintained an Outperform rating and $82 price target on Ultragenyx (RARE), after the company announced a partnership with GeneTx to develop preclinical asset GTX-102, which is for the treatment of Angelman Syndrome. The analyst liked the partnership, noting that it "extends the company's rare disease focus from small molecules and therapeutic proteins to oligonucleotide therapies," which the analyst believes is a significant growth area.
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