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Passage Bio initiated with a Buy at Lucid Capital

Lucid Capital analyst Elemer Piros initiated coverage of Passage Bio (PASG) with a Buy rating and $68 price target Passage Bio, which has developed a one-time gene therapy treatment, PBFT02, to correct certain genetic defects that lead to frontotemporal dementia is “at the forefront of treating dementia with one-time gene therapies,” the analyst tells investors.

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