Morgan Stanley raised the firm’s price target on enGene (ENGN) to $19 from $18 and keeps an Overweight rating on the shares after the company provided updated data from the pivotal cohort of its Phase 2 LEGEND trial, investigating its non-viral gene therapy detalimogene in Bacillus Calmette-Guerin-unresponsive non-muscle invasive bladder cancer patients. Detalimogene’s profile appears competitive with other NMIBC agents and 6-month CR was the “standout measure,” says the analyst, who sees the update improving detalimogene’s product profile.
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