Wells Fargo analyst Yanan Zhu thinks today’s data from Dyne Therapeutics’ (DYN) from its trial of DYNE-101 in patients with myotonic dystrophy type 1 cross-validate Avidity Biosciences’ (RNA) observation of myotonia benefit at six months. Dyne’s data could help contextualize and validate what Avidity observed in its myotonic dystrophy type 1 study, the analyst tells investors in a research note. The firm now expects increased confidence in Avidity’s prior date and outlook for AOC1001. It keeps an Overweight rating on the shares with a $50 price target.
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