Sep. 1 at 2:30 PM
$ASMB UBS initiated coverage of Assembly Biosciences with a Buy rating and
$52 price target. The company has a "de-risked" antiviral platform, anchored by Gilead's development of the herpes simplex virus franchise, and upside from its wholly owned liver disease portfolio, the analyst tells investors in a research note. UBS believes GS-1179 can address the high unmet need in recurrent genital herpes, saying the Phase 2 outcome is de-risked by the Phase 1b data demonstrating a superior profile.