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Sana Biotechnology initiated with a Buy at Rodman & Renshaw

Rodman & Renshaw initiated coverage of Sana Biotechnology (SANA) with a Buy rating and $16 price target The firm, which says its target reflects “the transformative clinical validation” of the company’s hypoimmune platform in Type 1 Diabetes and the emerging in vivo CAR T franchise, sees shares trading at “a compelling entry point” at the early stages of these platforms.

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