Goldman Sachs Said New Soliris Case Study a Positive for Alexion Pharmaceuticals (ALXN), Raises Price Target
Get Alerts ALXN Hot Sheet
Price: $182.01 --0%
Rating Summary:
10 Buy, 25 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
10 Buy, 25 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Goldman Sachs raised its price target on Alexion Pharmaceuticals (NASDAQ: ALXN) from $92 to $105, while reiterating their Conviction Buy List rating, after the The New England Journal of Medicine published three compelling case studies of Soliris in treating rare kidney diseases MPGN.
The firm said this case study is positive because: 1) The case studies clearly show that Soliris will likely succeed in MPGN; the market size is currently unclear, like other rare diseases. 2) It increases the probability of success in other complement mediated disorders, as we see the drug being effective in varied diseases where complement is involved. 3) MPGN data could be a trigger for a faster approval for multiple rare kidney indications.
For an analyst ratings summary and ratings history on Alexion Pharmaceuticals click here. For more ratings news on Alexion Pharmaceuticals click here.
Shares of Alexion Pharmaceuticals closed at $92.80 yesterday.
The firm said this case study is positive because: 1) The case studies clearly show that Soliris will likely succeed in MPGN; the market size is currently unclear, like other rare diseases. 2) It increases the probability of success in other complement mediated disorders, as we see the drug being effective in varied diseases where complement is involved. 3) MPGN data could be a trigger for a faster approval for multiple rare kidney indications.
For an analyst ratings summary and ratings history on Alexion Pharmaceuticals click here. For more ratings news on Alexion Pharmaceuticals click here.
Shares of Alexion Pharmaceuticals closed at $92.80 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
- Cintas (CTAS) PT Raised to $725 at RBC Capital
- AO World Plc. (AO/:LN) PT Raised to GBP1.25 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
Goldman Sachs Conviction Buy List, Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!