UF Innovate | Accelerate’s Post

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J.P. Morgan has upgraded Solid Biosciences' stock, a biotech company that acquired University of Florida startup AavantiBio, Inc. and its licenses of AAV technology. The upgrade from Neutral to Overweight comes with a revised price target of $15.00 📈 (up from $10.00), reflecting JPMorgan's positive outlook on Solid's gene therapy drugs in the pipeline. Solid Biosciences, who incubated here at our #HubSweetHome, is poised to release initial data on SGT-003, a pivotal product, later this year. This move underscores Solid's innovative prowess nurtured by UF Innovate, contributing to advancements in gene therapy and rare diseases. JPMorgan analysts express confidence in Solid's position, citing favorable U.S. regulatory conditions as a catalyst for growth. The upgraded rating emphasizes Solid Biosciences' broader pipeline potential beyond SGT-003. According to JPMorgan, the expanded range of gene therapy products under development promises additional upside for investors. Exciting times lie ahead for Solid Biosciences and UF Innovate, showcasing the transformative power of biotech innovation and strategic acquisitions in advancing healthcare solutions.

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Austin Stanbury

Augmented Info Systems | augmentedinfosystems.com

1mo

This is amazing

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