BofA lowered the firm’s price target on Inozyme to $14 from $16 and keeps a Buy rating on the shares after the company reported topline results for the Phase 1/2 trials evaluating INZ-701 in ABCC6 and ENPP1 deficiency adult patients. While “encouraged” by the early data that the firm thinks is suggestive of a path forward for the program, BofA notes the data was in a small number of patients and “would like to hear more about FDA’s views.” The firm now models a late-2027 pediatric ABCC6 U.S. launch estimate, pushed out from a prior view of 2026, which lowers its price target by $2.
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Read More on INZY:
- Inozyme Pharma Advances with Promising INZ-701 Trial Results
- Inozyme announces ‘positive’ results from Phase 1/2 trials of INZ-701
- Inozyme Pharma Announces Positive Topline Data from Ongoing Phase 1/2 Trials of INZ-701 in Adults with ABCC6 Deficiency (PXE) and ENPP1 Deficiency
- Inozyme Pharma Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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