H.C. Wainwright raised the firm’s price target on Wave Life Sciences to $15 from $8 and keeps a Buy rating on the shares after the company selected the lead candidate aimed at silencing INHBE. The firm says a low single-digit subcutaneous dose was sufficient to see robust silencing indicating once in six months to yearly subcutaneous dose, which is an “encouraging start.” Given the “differentiated and encouraging” data set from the WVE-N531, the firm is incorporating WVE-N531 in the model.
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