XTX Topco Ltd boosts stakes in biotech firms, drawing analyst optimism on new treatments.

XTX Topco Ltd increased its stake in several biotech companies, including Tenaya Therapeutics, 2seventy bio, TScan Therapeutics, Larimar Therapeutics, and X4 Pharmaceuticals. Institutional investors now own significant portions of these companies' stocks, with many analysts maintaining "buy" ratings and positive price targets. These firms focus on developing treatments for heart disease, cancer, rare diseases, and other conditions.