AVROBIO (NASDAQ: AVRO) was featured in a recent U.S. Equity Research Report published by Mizuho Securities USA LLC. The report reads, “We are raising our PT on AVRO from $28 to $35 following positive clinical data updates yesterday at WORLDSymposium 2020 where we also attended the company’s analyst event. Clinical data in Fabry continues to support a potential best-in-class gene therapy, and transition from academic process to AVRO’s proprietary platform could offer additional clinical benefits. Initial data in Cystinosis was also positive, further supporting AVRO’s gene therapy platform. Multiple data updates are expected throughout 2020, along with potential regulatory updates, which could provide further upside to the shares.”
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AVROBIO’s mission is to free people from a lifetime of genetic disease with a single dose of gene therapy. It aims to halt or reverse disease throughout the body by driving durable expression of functional protein, even in hard-to-reach tissues and organs including the brain, muscle and bone. Its clinical-stage programs include Fabry disease, Gaucher disease and cystinosis and it also is advancing a program in Pompe disease. AVROBIO is powered by the plato(TM) gene therapy platform, the company’s foundation designed to scale gene therapy worldwide. AVROBIO is headquartered in Cambridge, Mass., with an office in Toronto, Ontario. For additional information, visit www.AVROBIO.com.
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