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ADVM - Adverum Biotechnologies Inc News Story

$12.38 -0.5  -3.5%

Last Trade - 18/09/20

Sector
Healthcare
Size
Mid Cap
Market Cap £912.0m
Enterprise Value £695.1m
Revenue £194k
Position in Universe 2253rd / 6396

BUZZ-RBC sees potential in gene, cell therapies; begins coverage of eight biotechs

Wed 13th May, 2020 9:31am
** RBC Capital Markets starts coverage of eight biotech
stocks focusing on RNAi, a form of gene silencing used to treat
rare bleeding disorders, among others
    ** RBC calls the space, which includes gene and cell
therapies, "the new wave of biotech innovation"
    ** There could be 10 marketing approvals in next 1-2 years,
with more than 1,000 clinical trials ongoing across oncology,
cardiovascular, respiratory, CNS and rare disease areas - RBC 
    ** Brokerage says revenue generation from already approved
treatments plus potential near-term approvals could total $21
bln by 2025, according to consensus estimates 
    ** RBC starts coverage of six biotechs with "outperform"
rating, while settles on "sector perform" for the other two,
with PTs as follows:

 Company Name                             Price   Rating
                                          Target  
 Dicerna Pharmaceuticals Inc  DRNA.O      $35     Outperform
 Adverum Biotechnologies Inc  ADVM.O      $24     Outperform
 bluebird bio Inc  BLUE.O                 $100    Outperform
 Ionis Pharmaceuticals Inc  IONS.O        $71     Outperform
 Arrowhead Pharmaceuticals Inc  ARWR.O    $62     Outperform
 Homology Medicines Inc  FIXX.O           $30     Outperform
 Alnylam Pharmaceuticals Inc  ALNY.O      $150    Sector Perform
 REGENXBIO Inc  RGNX.O                    $42     Sector Perform
 
 (Reporting by Aakash Jagadeesh Babu in Bengaluru)
 ((Aakash.B@thomsonreuters.com; Twitter: @JagadeeshAakash))
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