H.C. Wainwright raised the firm’s price target on BridgeBio (BBIO) to $80 from $70 and keeps a Buy rating on the shares. The firm now includes BBP-418 in its valuation assessment with an 80% probability of approval. BridgeBio reported “highly favorable and clinically meaningful” top-line interim data from the Phase 3 FORTIFY trial of BBP-418 in patients with limb girdle muscular dystrophy, the analyst tells investors in a research note.
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