Jefferies Likes Early Iclusig Sales Data for ARIAD Pharmaceuticals (ARIA)

April 1, 2013 8:24 AM EDT
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Price: $23.75 +0.21%

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    11 Buy, 13 Hold, 3 Sell

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    Up: 30 | Down: 30 | New: 23
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Jefferies reiterated their Buy rating and $25 price target on ARIAD Pharmaceuticals (NASDAQ: ARIA) after Iclusig IMS sales data indicates 1Q13 sales beat.

Analyst Eun K. Yang, Ph.D. notes: "IMS-reported Jan/Feb sales for Iclusig were ~$2.9M. Assuming flat March IMS sales from February, IMS-reported sales for Iclusig in 1Q13 would be ~$4.8M (vs. our/cons estimates of ~$1M/$3.85M). According to ARIA, current monthly IMS sales capture rate for Iclusig is ~65%, which implies 1Q13 actual sales could be potentially >$6M."

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

Shares of ARIAD Pharmaceuticals closed at $18.08 yesterday.

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