Jefferies analyst Kelly Shi assumed coverage of 4D Molecular with a Buy rating with a price target of $58, up from $30. The firm likes 4D Molecular’s proprietary platform which allows high-performing viral vectors to target broad therapeutic areas and highlights wet Age-Related Macular Degeneration/Diabetic Macular Edema asset 4D-150 with differentiated safety/efficacy in Phase 2 and thinks 4D-710 in cystic fibrosis can target a multi-billion dollar market with very meaningful initial data viewed by key opinion leaders, the analyst tells investors in a research note.
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