UPDATE: H.C. Wainwright Starts Vor Biopharma, Inc. (VOR) at Buy

December 17, 2021 6:13 AM EST
Get Alerts VOR Hot Sheet
Price: $5.21 +4.83%

Rating Summary:
    8 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 12 | New: 10
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(Updated - December 17, 2021 6:48 AM EST)

H.C. Wainwright analyst Swayampakula Ramakanth initiates coverage on Vor Biopharma, Inc. (NASDAQ: VOR) with a Buy rating and a price target of $26.00.

The analyst commented, "Vor Biopharma is a clinical-stage cell therapy company focused on developing genetically engineered hematopoietic stem cells (eHSCs) and paired targeted chimeric antigen receptor T cell (CAR-T) therapies for hematologic malignancies, with an initial focus on acute myeloid leukemia (AML). Despite progress made with targeted therapies for AML, hematopoietic stem cell transplant (HSCT) remains the only potential curative treatment. However, approximately 40% of post-HSCT AML patients relapse, with two-year survival rates less than 20%. We believe there is a significant unmet need for AML patients, and Vor’s eHSCs and CAR-T therapy treatment system has the potential to significantly improve clinical outcomes and transform AML treatment paradigm. We currently project Vor to generate risk-adjusted peak revenues of $571M in 2032, growing from $7M in 2026, from two product candidates, VOR33 and VCAR33."

For an analyst ratings summary and ratings history on Vor Biopharma, Inc. click here. For more ratings news on Vor Biopharma, Inc. click here.

Shares of Vor Biopharma, Inc. closed at $12.13 yesterday.

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