LifeSci Capital analyst Patrick Dolezal reiterated an Outperform rating and $9 price target on Rocket Pharmaceuticals (RCKT) after the company announced approval of Kresladi in ultra-rare disease leukocyte adhesion deficiency type 1, along with reception of a rare pediatric disease priority review voucher that the company intends to monetize. The firm said the PRV could be a potentially meaningful source of non-dilutive capital that could net Rocket $100M-$200M. The firm added that it is impressive Rocket was able to usher Kresladi through a complex cell-based gene therapy approval and expects read-through to the company’s cardiac gene-therapy pipeline.
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