Medicines Co. (MDCO): Upcoming Catalysts - Guggenheim

August 15, 2016 8:36 AM EDT
Get Alerts MDCO Hot Sheet
Price: $33.42 -0.21%

Rating Summary:
    14 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Guggenheim analyst, Louise Chen, reiterated her Buy rating on The Medicines Company (NASDAQ: MDCO) and noted catalysts ahead.

MDCO could publish 3-month and some 6-month Phase 2 data for its PCSK9 next month. The company expects to have most, if not all, of the 3-month data, and some of the 6-month data by September. Given the interest in PCKS9s, MDCO plans to publish a press release with top-line data as soon as possible, and provide more details at a medical conference. If the Phase 2 PCSK9 data for MDCO and outcomes data are both positive, we would expect MDCO's stock to trade toward our $55 PT. Based on our diligence, a 20%-30% reduction in heart attacks/death may be enough to increase uptake of this drug class.

For an analyst ratings summary and ratings history on The Medicines Company click here. For more ratings news on The Medicines Company click here.

Shares of The Medicines Company closed at $37.01 yesterday.



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Louise Chen, Guggenheim

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