Feb 19, 2020
Selecta Biosciences (NASDAQ: SELB) was featured in a recent U.S. Equity Research Report published by Mizuho Securities USA LLC. The report reads, “We are increasing our 12-month price target on Selecta from $4 to $7, following the release of encouraging interim data in the COMPARE trial in December, 2019 and the removal of the financing overhang. We are increasing our probability of success for SEL-212, due to the favorable COMPARE data to date. Longer-term, we remain positive on the company’s ImmTOR platform, which could allow for the re-dosing of gene therapy. The company’s collaboration agreement with AskBio, particularly the licensing deal for AskBio’s Pompe Disease indication, could further validate ImmTOR.”
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About Selecta Biosciences, Inc.
Selecta Biosciences, Inc. is a clinical-stage biotechnology company focused on unlocking the full potential of biologic therapies based on its immune tolerance technology (ImmTOR) platform. Selecta plans to combine ImmTOR with a range of biologic therapies for rare and serious diseases that require new treatment options due to high immunogenicity. The company’s current proprietary pipeline includes ImmTOR-powered therapeutic enzyme and gene therapy product candidates. SEL-212, the company’s lead product candidate, is being developed to treat chronic refractory gout patients and resolve their debilitating symptoms, including flares and gouty arthritis. Selecta’s proprietary gene therapy product candidates are in preclinical development for certain rare inborn errors of metabolism and incorporate ImmTOR with the goal of addressing barriers to repeat administration. Selecta is based in Watertown, Massachusetts. For more information, please visit www.SelectaBio.com.
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