On Tuesday, Stifel reiterated its Buy recommendation and €1.50 price target for Sensorion, saying it was more optimistic about the chances of success for its drug candidate SENS-501.

Looking back on the recent American Society of Gene and Cell Therapy (ASGCT) conference, the research firm believes that the data presented by other laboratories (Regeneron, Refreshgene) on this occasion proved rather encouraging.

Competitors' clinical results continue to pile up, and while we're eager to discover Sensorion's initial findings, the arrival of favorable data and the fact that the drug candidates are close together make us confident", say Stifel's analysts.

SENS-501 is a gene therapy program developed with a view to restoring hearing in patients carrying mutations linked to otoferlin deficiency.

In light of this information, Stifel says it has raised its chances of success for the product from 25% to 35%.

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