Sep. 2 at 4:44 PM
$ARCT Roth MKM analyst Adam Walsh has officially upgraded Arcturus Therapeutics (ARCT), doubling its price target from
$20 to
$41 while maintaining a Buy rating.
Six months into the 12-week Cohort 4 study, there are no reported tolerability issues at exposures well above those that halted development of VX-522 at Vertex (VRTX) and MRT5005 at Translate Bio, increasing the firm's confidence in ARCT-032's safety profile, the analyst tells investors in a research note. Cohort 4 is open-label, so a decision to advance would signal functional benefit, with details expected in 2027, the firm added.
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The above extracted from news.