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MRNA

Moderna

$16.08

-0.67 (-4.00%)

, TBIO

Translate Bio

$5.10

-0.43 (-7.78%)

12:43
01/22/19
01/22
12:43
01/22/19
12:43

Translate clinical hold has no read-through to Moderna, says Piper Jaffray

Moderna's (MRNA) messenger RNA competitor Translate Bio (TBIO) announced this morning that the FDA placed a clinical hold on its Investigational New Drug Application for MRT5201 to treat ornithine transcarbamylase deficiency, Piper Jaffray analyst Edward Tenthoff tells investors in a research note. Translate Bio also had a prior clinical IND hold on MRT5005 for cystic fibrosis due to manufacturing issues, adds the analyst. Tenthoff does not see read-through to Moderna's mRNA platform and pipeline from the news. The FDA accepted the company's IND for mRNA-3704 to treat orphan disease methylmalonic acidemia, and the Phase I/II study will begin soon, says the analyst. He reiterates an Overweight rating on Moderna with a $24 price target. The stock in midday trading is down 3% to $16.15.

MRNA

Moderna

$16.08

-0.67 (-4.00%)

TBIO

Translate Bio

$5.10

-0.43 (-7.78%)

  • 28

    Jan

MRNA Moderna
$16.08

-0.67 (-4.00%)

01/08/19
PIPR
01/08/19
NO CHANGE
PIPR
Piper Jaffray sees Moderna clinical data driving value in 2019
Piper Jaffray analyst Edward Tenthoff reiterated an Overweight rating and $24 price target on Moderna, which he calls "the leading developer of messenger RNA therapeutics." The analyst noted that Moderna ended 2018 with cash of around $1.7B, and said he is looking for clinical data and progress to drive value in 2019.
01/02/19
01/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Concho Resources (CXO) initiated with an Overweight at KeyBanc. 2. Synthorx (THOR) initiated with a Buy at Jefferies and H.C. Wainwright. 3. Concrete Pumping (BBCP) initiated with a Buy at B. Riley FBR. 4. Moderna (MRNA) was initiated with an Outperform at Oppenheimer, an Overweight at Morgan Stanley, Barclays, JPMorgan, and Piper Jaffray, as well as a Buy at Needham, BofA/Merrill, and Goldman Sachs. 5. GW Pharmaceuticals (GWPH) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/19
OPCO
01/02/19
INITIATION
Target $27
OPCO
Outperform
Moderna initiated with an Outperform at Oppenheimer
Oppenheimer analyst Leah Rush Cann started Moderna with an Outperform rating and $27 price target. The analyst anticipates Moderna will commercialize its first development-stage drugs in 2024.
01/02/19
MSCO
01/02/19
INITIATION
Target $29
MSCO
Overweight
Moderna initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Matthew Harrison started Moderna with an Overweight rating and $29 price target, stating that he currently models peak, risk-adjusted sales of $8B, with prophylactic vaccines, rare diseases and cancer vaccines driving the bulk of that. However, Harrison added that the company's broad pipeline includes 21 programs and if the entire pipeline were to be successful he believes peak sales could be as high as about $35B.
TBIO Translate Bio
$5.10

-0.43 (-7.78%)

12/24/18
HCWC
12/24/18
INITIATION
Target $21
HCWC
Buy
Translate Bio initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Andrew Fein started Translate Bio with a Buy rating and $21 price target. The analyst believes MRT platform validation by either clinical program "can have significant read-through to other disease states." By using a proprietary mRNA therapeutic platform, or MRT, the company can deliver mRNA that encodes functional proteins and therapeutically bypass the defect, says the analyst.
07/23/18
SBSH
07/23/18
INITIATION
Target $20
SBSH
Buy
Translate Bio initiated with a Buy at Citi
Citi analyst Yigal Nochomovitz started Translate Bio with a Buy rating and $20 price target. The analyst views the company as a lower risk way to play the gene correction theme.
07/23/18
EVER
07/23/18
INITIATION
Target $25
EVER
Outperform
Translate Bio initiated with an Outperform at Evercore ISI
Evercore ISI initiated Translate Bio with an Outperform and $25 price target.
07/23/18
LEER
07/23/18
INITIATION
Target $24
LEER
Outperform
Translate Bio initiated with an Outperform at Leerink
Leerink analyst Geoffrey Porges initiated Translate Bio with an Outperform and $24 price target.

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TPX

Tempur Sealy

$57.11

0.9 (1.60%)

10:31
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ENDP

Endo

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0.635 (7.68%)

10:30
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LUV

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$49.19

0.5 (1.03%)

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CRTO

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$19.24

-2.75 (-12.51%)

, GOOG

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$1,195.53

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$19.24

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10:25
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Conference/Events
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SYNA

Synaptics

$34.01

1.3 (3.97%)

10:20
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  • 28

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

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GLPG

Galapagos NV

$96.48

1.25 (1.31%)

10:15
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Conference/Events
Galapagos NV management to meet with JPMorgan »

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  • 01

    Apr

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10:15
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CCL

Carnival

$52.75

-3.915 (-6.91%)

10:14
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  • 26

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DNKN

Dunkin' Brands

$72.70

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, DOW

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$0.00

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, CRTO

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