Chardan analyst Daniil Gataulin lowered the firm’s price target on Gensight Biologics (GSGTF) to EUR 13 from EUR 15 and keeps a Buy rating on the shares. The company announced a delay to the Lumevoq European Medicines Agency decision, to Q1 of 2024 from Q3 of 2023, due to an operational issue at the third-party manufacturer Thermo Fisher Scientific (TMO) in the handling of the downstream process, the analyst tells investors in a research note. The firm says Gensight ‘s cash runway remains a concern.
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