Leerink analyst Jeffrey La Rosa initiated coverage of Senti Bio (SNTI) with an Outperform rating and $6 price target The firm believes Senti’s novel LogicGated gene circuit platform offers a promising solution to solve the therapeutic window problem that has plagued cell therapies pursuing cancers with “dirty” antigen targets. The company’s lead clinical candidate, SENTI-202, is an elegantly designed allogeneic, or off-the-shelf, CAR-NK cell therapy in Phase 1 for relapsed or refractory acute myeloid leukemia. For Leerink, the preliminary Phase 1 dose escalation data reported to date help validate SENTI-202’s Logic-Gated design and support a potentially differentiated clinical profile relative to currently available AML therapies and the industry’s past attempts at developing immune cell-based therapies for the indication.
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