Top Bio Idea Now May Be-- Gene splicer Intellia// 2nd write up--
Intellia Therapeutics initiated with an Overweight at Wells Fargo 08:40 NTLA Wells Fargo initiated coverage of Intellia Therapeutics with an Overweight rating and $38 price target. As genome editing players explore various niches in this new field, the firm believes Intellia Therapeutics has strategically positioned itself at the forefront of two areas with high potential for value creation. Intellia Therapeutics is among the first to explore liver-targeted in vivo genome editing, and Wells Fargo believes its approach, powered by lipid nanoparticle-based delivery and validated disease targets, is highly promising and scalable. Overall, the firm sees major opportunities in the company's pipeline, including nearer term in ATTR polyneuropathy, hereditary angioedema, and acute myeloid leukemia, as well as further upsides in ATTR cardiomyopathy and solid tumors.