RBC Capital Maintains Positive Outlook on Viridian Therapeutics (VRDN) After Q3 2025 Performance
Investment Potential: Viridian Therapeutics, Inc. (NASDAQ: VRDN) is highlighted as a promising small-cap biotech stock, with RBC Capital raising its price target from $41 to $45 and maintaining an “Outperform” rating due to strong visibility toward profitability.
Financial Position: The company has bolstered its cash reserves to $888 million through various financing deals, including a $289 million follow-on offering and a $70 million licensing agreement, while also reporting a significant increase in R&D expenses.
Clinical Developments: Viridian has completed key patient enrollments in late-stage clinical studies for Thyroid Eye Disease (TED), with expected readouts in Q1 and Q2 2026, contributing to the positive outlook from analysts.
Comparative Analysis: Despite the potential of VRDN, the article suggests that certain AI stocks may offer greater upside potential and lower downside risk, indicating a competitive investment landscape.
Trade with 70% Backtested Accuracy
Analyst Views on VRDN
About VRDN
About the author

Biotech Stocks Surge in 2025 with $30.9 Billion M&A Wave
- M&A Surge: In 2025, small and mid-cap biopharma companies accounted for 57% of acquisitions by deal count, with 33 deals totaling $30.9 billion, indicating a significant recovery in market confidence despite a drop in median deal value from $516 million to $303 million.
- Shift in Investor Focus: Investor attention has shifted from GLP-1 obesity drugs to cancer and autoimmune disease treatments in 2025, particularly next-generation cell therapies, reflecting strong demand for innovative treatment options and potential growth opportunities in the biotech sector.
- Strong Clinical Data: Approximately $6 billion in acquisitions related to next-generation cell therapies occurred over the past six months, highlighting significant interest from big pharma in this niche, which could drive stock price increases for involved companies.
- Optimistic Outlook: Analysts expect increased M&A and strategic partnerships in 2026, particularly in immunology and rare diseases, with a lower interest rate environment improving funding conditions and further supporting the growth of biotech companies.

Viridian Therapeutics (VRDN) Secures FDA Priority Review for Veligrotug in Thyroid Eye Disease
- FDA Priority Review: Viridian Therapeutics' Biologics License Application for Veligrotug has been accepted for priority review by the FDA, with a decision expected by June 30, 2026, which will expedite its entry into the thyroid eye disease treatment market to meet growing patient needs.
- Clinical Trial Success: Veligrotug met all primary and secondary endpoints in the THRIVE and THRIVE 2 phase 3 clinical trials, demonstrating significant improvement in chronic thyroid eye disease patients' diplopia symptoms, with rapid clinical benefits enhancing its market competitiveness.
- Breakthrough Therapy Designation: In May 2025, the FDA granted Veligrotug breakthrough therapy designation, indicating its potential in treating thyroid eye disease, which further elevates investor and market interest in the drug.
- European Market Plans: Viridian plans to submit a Marketing Authorisation Application to the European Medicines Agency in the first quarter of 2026, reflecting its strategic intent for global expansion and aiming to capture growth opportunities in international markets.






