#3 - Intellia Therapeutics (NASDAQ:NTLA)
Intellia Therapeutics (NASDAQ: NTLA) is another gene editing company that is using their own version of a CRSPR/Cas9 platform. In this case the company has several candidates in its pipeline. Two of its candidates, NTLA-2001 and NTLA-2002 delivered encouraging phase-one trial results in 2022.
NTLA-2001 is being developed to treat transthyretin (ATTR) amyloidosis. This is a progressive genetic condition for which there is no treatment aside from those to manage symptoms. Intellia is partnering with Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) to bring NTLA-2001 through clinical trials.
NTLA stock is down over 53% in the last 12 months and the stock dropped approximately 20% in December 2022 after announcing a public stock offering. However, with the stock up over 17% in 2023, investors may believe the company has enough cash to get its candidates through the clinical trial stage without raising more capital in a rising interest rate environment.
About Intellia Therapeutics
Intellia Therapeutics, Inc, a genome editing company, focuses on the development of curative therapeutics. The company's in vivo programs include NTLA-2001, which is in Phase 1 clinical trial for the treatment of transthyretin amyloidosis; NTLA-2002 for the treatment of hereditary angioedema; and NTLA-3001 for alpha-1 antitrypsin deficiency associated lung disease.
Read More - Current Price
- $13.86
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $54.94 (296.3% Upside)
