Baird initiated coverage of Crispr Therapeutics with a Neutral rating and $46 price target. The company is is focused on the applying Crisper gene editing to create novel therapeutics and its CTX001 represents a potentially curative one-time cell therapy for sickle cell disease and transfusion dependent beta-thalassemia, the analyst tells investors in a research note. The firm anticipates CTX001 will see "substantial uptake" after securing a potential U.S. approval in late-2023, but believes consensus expectations largely reflect a strong launch. It is also "generally cautious" on the company’s CAR-T portfolio. Baird views the shares as fairly valued.
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Published first on TheFly
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