RBC Capital lowered the firm’s price target on Intellia Therapeutics (NTLA) to $9 from $14 and keeps a Sector Perform rating on the shares. The company’s Q3 report include the death of the Hy’s Law case patient, which makes it “difficult to see a path forward” for the program and the risk/benefit profile tilts unfavorably, especially for an indication where there are safer therapeutic alternatives, the analyst tells investors in a research note.
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