Jefferies Boosts Target on Aegerion (AEGR) to $29 Ahead of Juxtapid Commercialization

Article Related Articles (1) Stock Quotes (1) Comments (0)

Jefferies raised its price target on Buy-rated Aegerion Pharmaceuticals (NASDAQ: AEGR) from $24 to $29 after FDA approval for Juxtapid with details on the company's commercial plan expected on Jan 7-10.

The firm notes the labeled indication is in-line with expectation. The key to commercial success of Juxtapid is the number of of eligible patients, they note. Aegerion estimates Juxtapid pricing of ~$200-$300K per patient per year and reiterated its ~3K addressable number of patients in the U.S.

For FY13, the firm's Juxtapid sales estimate is $13M (on FY basis, 40-60 treated pts on AEGR pricing range; vs. cons. $24M). The firm forecast revenue from lomitapide for HoFH starting in 2013 (commercial launches in the U.S./E.U. in 1Q13/2H13 with peak sales potential of ~$240M/~$180M, respectively).

For an analyst ratings summary and ratings history on Aegerion Pharmaceuticals click here. For more ratings news on Aegerion Pharmaceuticals click here.

Shares of Aegerion Pharmaceuticals closed at $25.73 yesterday, with a 52 week range of $11.75-$26.73.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
• Wells Fargo Upgrades ProLogis (PLD) to Outperform
• Deutsche Bank Starts Quintiles (Q) at Buy

Create E-mail Alert Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?