Piper Sandler analyst Edward Tenthoff lowered the firm’s price target on Arrowhead to $55 from $64 and keeps an Overweight rating on the shares after the company reported Phase II SEQUOIA data showing a dose dependent reduction in serum Z-ATT of 74% at 25mg, 89% at 100mg and 94% at 200mg fazirsiran at 48 weeks. The analyst dropped the price target to reflect the pushing out of fazirsiran approval.
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