In a report released today, Matthew Caufield from H.C. Wainwright reiterated a Buy rating on FibroBiologics, Inc., with a price target of $10.00.
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Matthew Caufield has given his Buy rating due to a combination of factors influencing FibroBiologics, Inc.’s strategic positioning and clinical progress. The company’s focus on fibroblast-based therapies, particularly for diabetic foot ulcers (DFU) and psoriasis, is a key driver of this positive outlook. The anticipated initiation of a Phase 1/2 trial for the fibroblast candidate CYWC628 in DFU patients by the first quarter of 2026 is seen as a crucial step in validating their fibroblast platform for broader applications. This validation is expected to enhance the company’s potential in treating other conditions, such as psoriasis, which could provide significant upside if successful.
Moreover, the differentiation of fibroblast therapies from stem cell developments, such as their superior sourcing, culturing, and manufacturing capabilities, adds to the attractiveness of FibroBiologics’ approach. The company’s progress in developing treatments for degenerative disc disease and multiple sclerosis further supports the potential for broader pipeline advancement. These strategic and clinical developments underpin Caufield’s confidence in the company’s growth prospects, justifying the Buy rating and the updated price target of $10 per share.