Leerink lowered the firm’s price target on Tenaya Therapeutics (TNYA) to $6 from $8 and keeps an Outperform rating on the shares after the company announced initial Phase 1b/2 MyPEAK-1 data for TN-201 in MYBPC3-associated hypertrophic cardiomyopathy following program updates in October. The firm notes that while evidence of expression was present, clinical benefit is yet to be determined. Updated Cohort 1 data are expected in the first half of 2025, while initial Cohort 2 and MyClimb natural history data are expected in 2025.
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Read More on TNYA:
- Piper bullish on Tenaya, says initial MyPEAK-1 data de-risks higher dosing
- Tenaya Therapeutics Reports Promising TN-201 Trial Results
- Tenaya Therapeutics’ Senior VP Resigns for New Opportunity
- Tenaya reported early data from first cohort of patients in MyPEAK-1 trial
- Tenaya Therapeutics to announce initial data from Phase 1b/2 trial of TN-201
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