Analyst Silvan Tuerkcan of JMP Securities reiterated a Buy rating on Solid Biosciences (SLDB – Research Report), retaining the price target of $15.00.
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Silvan Tuerkcan has given his Buy rating due to a combination of factors related to Solid Biosciences’ upcoming data release and its gene therapy platform. The anticipated interim data from the SGT-003 trial in the first quarter of 2025 is expected to provide crucial insights into the therapy’s efficacy, potentially confirming its safety and the expression levels of microdystrophin, which is vital for accelerated approval in Duchenne Muscular Dystrophy (DMD) treatments.
Furthermore, the expression data from peer companies have shown significant value increases, suggesting a positive market reaction to successful outcomes. Solid Biosciences’ unique approach to microdystrophin design could offer advantages over existing therapies, possibly enhancing functional outcomes for patients. The strategic focus on the safety and tolerability of the SGT-003 dose in a diverse patient group also supports the potential for a strong performance in the upcoming trials.
Tuerkcan covers the Healthcare sector, focusing on stocks such as Relay Therapeutics, Terns Pharmaceuticals, and Exelixis. According to TipRanks, Tuerkcan has an average return of -1.1% and a 34.71% success rate on recommended stocks.