Piper Sandler initiated coverage of Opus Genetics (IRD) with an Overweight rating and $7 price target The company has demonstrated early efficacy data for its lead gene therapy program, OPGx-LCA5, in Leber congenital amaurosis type 5, where there are currently no treatment options and a high unmet need, the analyst tells investors in a research note. In addition, Piper says Opus’ second gene therapy program, OPGx-BEST1 for BEST1-related inherited retinal diseases, has promising preclinical data.
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