Casgevy Pediatric Expansion From Age 12 Down to Age 2

研报英文原文证据摘录

Casgevy Pediatric Expansion From Age 12 Down to Age 2

Update

July 2, 2026 12:35 PM GMT

Morgan Stanley & Co. LLCMCRISPR Therapeutics AG | North America Maxwell Skor

Equity Analyst

Casgevy Pediatric Expansion Maxwell.Skor@morganstanley.comSelena Zhang +1 212 761-4804

Research Associate

Selena.Zhang1@morganstanley.com +1 212 761-1017

From Age 12 Down to Age 2

CRISPR Therapeutics AG (CRSP.O, CRSP US)

Biotechnology | United States of America

Key Takeaways Stock Rating Equal-weight

Industry View Attractive

Casgevy received a supplemental approval for patients aged 2 years and older, Price target $60.00

previously approved for patients aged 12 years and older. Shr price, close (Jul 1, 2026) $55.62

Mkt cap, curr (mm) $5,361

We see a meaningful opportunity for earlier treatment of patients prior to 52-Week Range $78.48-44.12

damage to the vascular system and a driver for center activation.

Casgevy receives a supplemental approval for patients aged 2 years and older.

The FDA issued a supplemental approval to Vertex Pharmaceuticals (covered by

Terence Flynn) for Casgevy for patients aged 2 years and older with either sickle cell

disease (SCD) with recurrent vaso-occlusive crises (VOCs) or transfusion-dependent

β thalassemia (TDT) (press release), previously approved for patients aged 12 years

and older. Vertex submitted for supplemental approval of Casgevy in ages 5 to <12

with Commissioner’s National Priority Voucher in the US. While pediatric expansion

was expected, the extrapolation to the younger pediatric age of 2+ years from the

expected 5+ years based on product characteristics and clinical study data was an

incremental surprise. As we laid out in our initiation (see our note HERE), we expect

pediatric expansion to meaningfully expand the opportunity. For example, among