William Blair initiated coverage of Viridian Therapeutics (VRDN) with an Outperform rating and $47 fair value estimate. The firm believes the company’s anti-IGF-1R franchise represents a “meaningful advance” compared to Tepezza for the treatment of thyroid eye disease. While growth in the U.S. TED market has plateaued in recent years, new therapies have potential to grow the market, the analyst tells investors in a research note. Blair believes Viridian’s veligrotug has important advantages over Tepezza that could drive market share capture.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRDN:
- Viridian Therapeutics initiated with an Outperform at William Blair
- Viridian Therapeutics initiated with a Buy at Truist
- Promising Developments and Market Potential Drive Buy Rating for Viridian Therapeutics
- Viridian Therapeutics Advances Toward Profitability with Strategic Moves
- Viridian Therapeutics price target raised to $45 from $41 at RBC Capital