H.C. Wainwright analyst Arthur He CFA has maintained their bullish stance on SLDB stock, giving a Buy rating today.
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Arthur He CFA has given his Buy rating due to a combination of factors that highlight Solid Biosciences’ promising developments and financial outlook. The company’s SGT-003 program, a gene therapy for Duchenne muscular dystrophy, has reached its enrollment goal in the Phase 1/2 INSPIRE DUCHENNE study, demonstrating a strong safety profile with no serious adverse events reported. This progress, along with the upcoming meeting with the FDA to discuss regulatory pathways, positions SGT-003 as a potential catalyst for the company’s stock.
Additionally, Solid Biosciences is advancing its pipeline with SGT-501 and SGT-212, targeting unmet medical needs in catecholaminergic polymorphic ventricular tachycardia and Friedreich’s ataxia, respectively. The company has received necessary regulatory approvals to initiate clinical trials for these programs, with patient dosing expected by the end of 2025. Financially, Solid Biosciences reported a net loss in line with expectations and holds a cash reserve sufficient to fund operations into 2027, supporting its ongoing research and development activities.
According to TipRanks, He CFA is a 4-star analyst with an average return of 17.1% and a 50.43% success rate. He CFA covers the Healthcare sector, focusing on stocks such as Solid Biosciences, Nektar Therapeutics, and Prime Medicine, Inc..