Analyst Confidence Surges for Assembly Biosciences Pipeline

A wave of positive analyst sentiment is bolstering the outlook for Assembly Biosciences, with Citizens JMP initiating coverage on the biotech stock. The firm issued a “Market Outperform” rating and set a price target of $38, arguing that the market is significantly underestimating the company’s developmental pipeline. According to analyst Roy Buchanan, the oral antiviral drug candidates possess substantial potential, making a notable upward price correction a likely scenario.

The foundation for this optimism is rooted in concrete clinical progress. Assembly Biosciences has reported promising interim results from a Phase 1b study for ABI-5366, which targets recurrent genital herpes. Furthermore, encouraging outcomes have emerged from a separate Phase 1b trial evaluating ABI-4334 for the treatment of chronic hepatitis B virus. These... Read more...