Citizens JMP analyst Roy Buchanan initiated coverage of Assembly Biosciences (ASMB) with an Outperform rating and $38 price target The firm believes the company’s “strong early data point to likely best-in-class profiles” for both its oral candidates for treating herpes simplex virus is underappreciated at current share levels. Assembly’s lead opportunity in treating recurrent genital herpes has blockbuster potential, the analyst tells investors in a research note.
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