Leerink Swann Maintains an 'Outperform' on Medivation (MDVN); Number of Advantages Based on Labeling

September 4, 2012 10:51 AM EDT Send to a Friend
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Price: $47.53 -1.57%

Rating Summary:
    18 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 35 | New: 23
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Leerink Swann maintains an 'Outperform' on Medivation (NASDAQ: MDVN) price target of $122.00.

Analyst, Howard Liang, said, "Based on our detailed comparison of product labels, we believe that the Xtandi label has a number of advantages over Zytiga (NYSE: JNJ) including lack of food effect and monitoring requirements, in addition to lack of need for steroid coadministration. Although there is a small risk of seizure, we believe current data suggest an efficacy advantage for Xtandi that would eventually be a more important determinant."

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

Shares of Medivation closed at $104.86 yesterday, with a 52 week range of $15.49-$105.00.


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