Korro Bio’s (KRRO) lead asset KRRO-110 failing to produce protective levels of corrected protein in a Phase 1/2 AATD trial, leading to its discontinuation, “clearly validated” Wave Life Sciences’ (WVE) approach and strengthened its competitive position, Jefferies analyst Roger Song tells investors. Korro announced its focus on developing a new AATD editor that will use GalNAc delivery, as is the case for WVE-006, notes the analyst, who has a Buy rating and $26 price target on Wave shares.
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