Baird Maintains Outperform Rating for Instil Bio: Here's What You Need To Know

Baird has decided to maintain its Outperform rating of Instil Bio TIL and lower its price target from $24.00 to $14.00.

Shares of Instil Bio are trading down 8.63% over the last 24 hours, at $1.80 per share.

A move to $14.00 would account for a 677.78% increase from the current share price.

About Instil Bio

Instil Bio Inc is a clinical-stage biopharmaceutical company focused on developing an innovative cell therapy pipeline of autologous tumor infiltrating lymphocyte, or TIL, therapies for the treatment of patients with cancer. It is also engaged in developing a novel class of genetically engineered TIL therapies using our Co-Stimulatory Antigen Receptor, or CoStAR, platform. The company's lead product candidate, ITIL-168, is an autologous TIL therapy that it is initially developing for the treatment of PD-1-inhibitor relapsed or refractory advanced melanoma.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.