Morgan Stanley analyst Sean Laaman assumed coverage of Denali Therapeutics (DNLI) with an Overweight rating and a price target of $33, down from $41. The firm views Denali as “a key beneficiary” in an evolving landscape following FDA recognition of elevated heparan sulfate as a surrogate endpoint and models $359M in unadjusted sales for Tividenofusp Alfa in Hunter disease and $646M in unadjusted sales for DNL126 for Sanfilippo disease.
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