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Editas Wins Australia Clearance as Wells Fargo Upgrades Rating

Australian authorities cleared a Phase 1/2 gene-editing trial, while Wells Fargo moved its Editas rating from Equal Weight to Overweight.

Gloved hands examine a cell culture plate in a biotechnology laboratory / TokenPost.ai
Gloved hands examine a cell culture plate in a biotechnology laboratory / TokenPost.ai

Editas Medicine received Australian clearance for a Phase 1/2 trial of its gene-editing therapy Thursday, while Wells Fargo upgraded the biotech to Overweight from Equal Weight.

The regulatory decision allows the trial to proceed in Australia.

Editas is developing a gene-editing therapy. The trial is in the Phase 1/2 stage.

Wells Fargo’s upgrade moves its rating on Editas from Equal Weight to Overweight. The rating change followed the Australian clearance.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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