TransCode Therapeutics: A Promising Oncology Investment with FDA-Backed Clinical Advancements

Analyst Emily Bodnar of H.C. Wainwright maintained a Buy rating on TransCode Therapeutics (RNAZ – Research Report), retaining the price target of $3.00.

Emily Bodnar’s rating is based on a comprehensive analysis of TransCode Therapeutics’ potential, as indicated by recent developments and future prospects. The FDA’s clearance for the Phase 1/2 study of TTX-MC138 for advanced solid tumors bolsters the company’s clinical advancement. This study is particularly promising due to its design to identify therapeutic doses and the potential effectiveness of TTX-MC138 across multiple tumor types, including breast, pancreatic, and ovarian cancers. Preclinical data suggest a favorable safety profile and the ability to target metastatic lesions specifically, which are significant in the context of oncology therapeutics. Furthermore, the drug’s potential for combination with other treatments enhances its therapeutic prospects.
The Buy rating is also supported by a valuation model that looks favorably upon the company’s financials and technology platform. Bodnar’s analysis utilizes a discounted cash flow approach, extending to 2040 with a 12% discount rate, to arrive at a $3 price target. This reflects the perceived value of TTX-MC138, particularly in treating breast cancer, with a 15% probability of success (PoS), and other indications like pancreatic cancer and glioblastoma, each with a 10% PoS. Despite acknowledging various risks, including clinical and regulatory challenges, competition, and financial needs, the overall assessment leans positively towards TransCode’s innovative approach and its long-term potential in the biotech industry.

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TransCode Therapeutics (RNAZ) Company Description:

TransCode Therapeutics Inc is an RNA oncology company. It is created to defeat the cancer through the intelligent design and effective delivery of RNA therapeutics. The company’s lead therapeutic candidate, TTX-MC138, is focused on treating metastatic cancer, which has the potential to produce regression without recurrence in a range of cancers, including breast, pancreatic, ovarian and colon cancer, glioblastomas and others.