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Dyadic International Inc

Noble Capital keeps Outperform rating on Dyadic and ratchets up price target to $11

Fresh data supports the potential of the company’s proprietary C1 platform – a fungal expression technology for producing enzymes

Dyadic International Inc -
Noble is raising its stock price target on the biotech to $11 from $9

Analysts at Noble Capital are taking a bet on Dyadic International Inc (NASDAQ:DYAI) and are sticking to their Buy rating on the biotech while raising their price target on its stock to $11 from $9.

Fresh data supports the potential of the company’s proprietary C1 platform – a fungal expression technology for producing enzymes – which helps bring biologic vaccines, therapeutic enzymes, proteins, biosimilars and drugs to market faster and at a lower cost.

READ: Dyadic International 'chock-full' of catalysts, says Dawson James Securities

Indeed, the Noble team is particularly impressed by new evidence provided by Dyadic’s research partner VTT Technical Research Centre of Finland (VTT), which shows the building block for hyman glycan is produced by the C1 platform. “We think this is a key milestone for the company to validate the C1 platform in bioproduction,” wrote Noble analysts in a note.

“Glycoengineering is crucial in drug development, as glycans have marked effects on stability, activity, antigenicity and pharmacodynamics. Therefore, glycoengineering to produce human-like proteins is one of the biggest milestones for Dyadic,” the Noble team added.

Currently, over half of biologics, which are expected to see sales of over $300 billion by 2022, are glycoproteins, according to Noble’s report.

“We see upside as the company validates its C1 expression system expanding to multiple biologics markets,” the Noble team concluded. “We are reiterating our Outperform rating on the stock.”

Dyadic has patented its proprietary filamentous fungus, Myceliophthora thermophila, and the associated molecular tools used to engineer the C1 cells to express and manufacture large volumes of low-cost biologic products such as enzymes and proteins. The C1 fungus is a living cell that has been bioengineered by Dyadic scientists for more than two decades.

Quick facts: Dyadic International Inc

Price: 6.08 USD

Market: NASDAQ
Market Cap: $165.46 m
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Full interview: Dyadic International reveals newest research collaboration

Dyadic International Inc (NASDAQ:DYAI) CEO Mark Emalfarb tells Proactive the biotech saw continued momentum with a research collaboration deal signed with a 'top tier' pharma company.  Emalfarb, who also discussed the firm's second quarter earnings, says this pharma company is aligned...

on 14/8/19

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