Lexeo Therapeutics, Inc. Common StockLXEO
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FDA confirmed no additional nonclinical bridging studies required for LX2006, allowing optimized manufacturing process to proceed

JPMorgan lowered its price target on Lexeo Therapeutics to $9 from $12 while maintaining an Overweight rating, citing an updated valuation model. Lexeo recently finalized the SUNRISE-FA 2 pivotal trial protocol for its gene therapy candidate LX2006 targeting Friedreich's ataxia cardiomyopathy, with topline data expected in the second half of 2027 and a potential biologics license application submission in the first half of 2028. The FDA confirmed no additional nonclinical bridging studies are required, allowing the company to proceed with patient dosing using its optimized manufacturing process.
Lexeo Therapeutics, Inc. Common StockFDA confirmed no additional nonclinical bridging studies required for LX2006, allowing optimized manufacturing process to proceed
JPMorgan Chase & Co