Freedom Capital initiated coverage of Sionna Therapeutics (SION) with a Buy rating and $38 price target Completed Phase 1 studies have shown clean safety and target exposures and support two paths forward — SION-719 as a Trikafta add-on and SION-451 in proprietary combinations with complementary modulators, the analyst tells investors in a research note. While the upcoming Phase 2a initiation and ongoing dual-combination readouts are expected to drive short-term momentum, the company’s focus remains on long-term value creation, the firm says.
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