Stifel resumed coverage of Abeona Therapeutics (ABEO) with a Buy rating and $14 price target While acknowledging both the difficult-to-vet nature of CMC-related deliverables highlighted in FDA’s 2024 Complete Response Letter and the recent departure of cell and gene-therapy “champion” Peter Marks from FDA as sources of uncertainty ahead of the April 29 PDUFA date, the firm believes the totality of clinical data generated to date suggests pz-cel offers a unique value proposition as a novel treatment option for patients with recessive dystrophic epidermolysis bullosa, the analyst tells investors.
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Read More on ABEO:
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- Abeona price target raised to $25 from $20 at Alliance Global Partners
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