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Goldman Sachs Bullish On Avidity Biosciences, Cites Scalable RNA Therapeutics Platform For Rare Diseases

Sep 24, 2024, 2:37 PM EDT1 sourcesAI-analyzed

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Goldman Sachs initiated coverage with a Buy rating for Avidity Biosciences. Del-desiran is in Phase 3 trials for myotonic dystrophy, potential first-to-market. Del-brax shows significant revenue potential with estimated peak sales of $2.7 billion. Del-zota demonstrated a 25% increase in dystrophin production in Phase 1/2 trials. Analyst predicts a 75% success chance for Del-desiran in ongoing trials.

  • Goldman Sachs initiated coverage with a Buy rating for Avidity Biosciences.
  • Del-desiran is in Phase 3 trials for myotonic dystrophy, potential first-to-market.
  • Del-brax shows significant revenue potential with estimated peak sales of $2.7 billion.
  • Del-zota demonstrated a 25% increase in dystrophin production in Phase 1/2 trials.
  • Analyst predicts a 75% success chance for Del-desiran in ongoing trials.

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