BMO Capital analyst Matthew Luchini raised his price target on Nightstart to $41 and kept his Outperform rating, saying he is adding to his model the impact of NSR-RPGR disclosed last week in the presentation of early dose escalation Phase I/II data. The analyst notes says the improvements in microperimetry cohorts 3-5 “provide preliminary proof-of-concept and support initiation of the expansion study planned for Q4”, adding that XLRP could achieve peak sales of about $675M.
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