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Omega collaboration with Novo Nordisk ‘validation’ of OEG platform, says Wedbush

Wedbush analyst Robert Driscoll made no change to the firm’s Outperform rating and $12 price target on Omega Therapeutics (OMGA) after the company announced a research collaboration with Novo Nordisk (NVO) focusing on development of novel therapies targeting obesity. The firm views the collaboration as robust validation of Omega’s OEG platform in treating indications outside of oncology, the analyst tells investors in a research note.

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