JonesResearch downgraded Intellia Therapeutics (NTLA) to Hold from Buy after the company reported along with Q3 results on November 6 that the nex-z treated patient who hit Hy’s Law criteria had passed away. While both lonvo-z for HAE and nex-z for ATTR-CM have durable efficacy, the firm says heightened safety risk and lack and lack of clarity, as well as other market dynamics, prompt it to move to the sidelines.
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Read More on NTLA:
- Intellia Therapeutics downgraded to In Line from Outperform at Evercore ISI
- Intellia Reports Favorable Phase 1 Data for Nex-Z
- Intellia announces ‘positive’ follow-up data from ongoing Phase 1 nex-z trial
- Intellia Therapeutics price target lowered to $14 from $25 at Truist
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