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FDA approves Scholar Rock's ISEMBYLD for SMA, Citigroup raises price target to $74

Market News
14 Sep 2026
Gordon Thompson
View Source
Bullish
FDA approves Scholar Rock's ISEMBYLD for SMA, Citigroup raises price target to $74

Scholar Rock Holding Corporation received FDA approval for ISEMBYLD, a new treatment for spinal muscular atrophy (SMA) targeting muscle function. This approval marks a significant advancement as the drug is the first muscle-targeted therapy for SMA, usable alongside existing treatments for both children and adults. Following this milestone, Citigroup maintained a "Buy" rating on Scholar Rock and raised its price target from $60 to $74, reflecting strong confidence in the company's growth prospects. Scholar Rock's stock is actively traded with a market cap of about $6.64 billion, indicating solid investor interest.

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