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Satellos Bioscience ( (TSE:MSCL) ) has issued an update.
Satellos Bioscience has announced promising results from its Phase 1b trial of SAT-3247, a treatment for Duchenne Muscular Dystrophy (DMD). The trial demonstrated that SAT-3247 was safe and well-tolerated, with a potential trend towards improved grip strength in patients. The company plans to advance to a placebo-controlled Phase 2 trial, indicating potential advancements in treatment options for DMD patients.
The most recent analyst rating on (TSE:MSCL) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Satellos Bioscience stock, see the TSE:MSCL Stock Forecast page.
Spark’s Take on TSE:MSCL Stock
According to Spark, TipRanks’ AI Analyst, TSE:MSCL is a Neutral.
Satellos Bioscience faces challenges typical of early-stage biotech companies, including no revenue and reliance on financing to sustain operations. Technical indicators suggest a bearish momentum. However, positive corporate developments, such as clinical trial progress and increased financing, provide a potential upside if successful commercialization ensues.
To see Spark’s full report on TSE:MSCL stock, click here.
More about Satellos Bioscience
Satellos Bioscience Inc. is a biotechnology company focused on developing small molecule therapeutic approaches to improve the treatment of muscle diseases and disorders.
Average Trading Volume: 148,006
Technical Sentiment Signal: Sell
Current Market Cap: C$109.5M
Find detailed analytics on MSCL stock on TipRanks’ Stock Analysis page.