
Ultragenyx Pharmaceutical (RARE) Is Down 31.0% After Rare-Disease Milestone Updates - Has The Bull Case Changed?

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Ultragenyx Pharmaceutical's stock has dropped 31% following updates on its rare disease programs. The company reported positive Phase 3 results for setrusumab in Osteogenesis Imperfecta and completed its Biologics License Application for DTX401 gene therapy in Glycogen Storage Disease Type Ia. Despite these advancements, concerns remain regarding ongoing cash burn and a short cash runway. Analysts project a fair value of $81.85 per share, indicating a potential upside, but the company's reliance on regulatory success poses risks to its future performance.
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