Jan. 8 at 3:53 AM
$MSCLF Oppenheimer opened coverage with a PT of 7 CAD (5 USD), 10x from current price.
"Nearly all investigational/approved DMD treatments are IV dystrophin, which helps maintain the integrity of muscles and mitigates contraction- dystrophin suggests that genetic modifications could also ameliorate the DMD dystrophin signaling (rather than dystrophin levels) implicated in regeneration of muscles. Early open-label data (N=5) appear promising, while additional open-label randomized PhII data in 2H26 could drive ~300–500%+ upside (see
$CAPR +370% move), thus MSCLF is a potentially significant arbitrage opportunity (EV≈
$50M vs. >
$2B mean EV for nine DMD companies). We initiate coverage of Satellos (MSCLF) with an Outperform rating and a PT of C
$7."