H.C. Wainwright analyst Douglas Tsao reiterated a Buy rating on Cabaletta Bio (CABA – Research Report) today and set a price target of $25.00.
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Douglas Tsao has given his Buy rating due to a combination of factors demonstrating Cabaletta Bio’s promising progress in clinical trials. The company’s recent clinical data exhibits significant improvements in patients treated with Rese-cel, particularly for conditions like lupus and dermatomyositis. This has set the stage for discussions with the FDA regarding potential registrational studies, marking a critical advancement in their clinical program.
Moreover, Cabaletta Bio’s impressive safety profile and favorable risk-benefit ratio among the first ten patients have bolstered confidence in Rese-cel’s efficacy. The company’s rapid patient enrollment across numerous clinical sites further highlights its competitive advantage, suggesting a strong potential for future commercial success. These factors collectively underscore the solid foundation for Tsao’s Buy rating on Cabaletta Bio’s stock.