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Fly News Breaks for November 12, 2019
SLDB
Nov 12, 2019 | 12:41 EDT
Credit Suisse analyst Martin Auster said news that the FDA placed a clinical hold on Solid Biosciences' SGT-001 trial after the third patient in the high dose cohort experienced a serious adverse event may be the "final straw" for a program that had already been placed on clinical hold previously. He has cut his view of the probability of success for SGT-001 to 5% from 10% and cut his price target on Solid shares to $2 from $6. Auster has an Underperform rating on Solid Biosciences shares.
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