Voyager Therapeutics: Strategic Positioning and Promising Pipeline Drive Buy RatingWe hosted a fireside chat with VYGR's CMO Toby Ferguson, CFO at our 2025 Boston, MA. Recall VYGR now has four wholly- owned Alzheimer's disease (AD) programs, i.e., VY7523 (anti-tau antibody), VY1706 (tau silencing gene therapy), a vectorized anti-amyloid beta antibody gene therapy, and a recently-announced bifunctional APOE4/2 gene therapy. The company's gene therapy programs utilize its proprietary TRACER capsid technology, which has shown promise in that it has been the subject of several external partnerships (e.g., Novartis, Neurocrine, etc.) that we view as providing some early external validation.