Shares of this cell therapies biotech are set to double, says Baird
Shares of biotech company bluebird bio should double in the coming year, thanks to its treatments for sickle cell disease, a genetic blood disease and a rare genetic brain condition, according to Baird. The Wall Street firm initiated coverage of the stock on Monday with an outperform rating and $10 price target, which implies 104% upside from Monday's close.
mountain bluebird bio's year-to-date performance Meanwhile, its launch of Zynteglo, approved in August 2022 for the treatment of transfusion-dependent beta-thalassemia , should also beat analysts' expectations, he said. The company's management said in January that 40 patients had initiated benefits verification for Zynteglo during the last three months of 2022.
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