Nomura Securities Maintains a 'Buy' on Shire plc (SHPGY); FDA Approved Generic Version of Adderall-XR
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Price: $85.67 -0.2%
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 23
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 23
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Nomura Securities maintains a 'Buy' on Shire plc (NASDAQ: SHPGY).
Analyst, Bhuna Signhal, said, "The FDA has approved a generic version of Adderall-XR (10% of EPS). The EMA has rejected Pfizer’s Taliglucerase, a potential competitor to Shire’s Vpriv (10% of EPS). We had previously flagged that (given the FDA’s recent approval of a generic version of another ADHD drug) Adderall-XR will go generic and had removed the drug from our model. Therefore, the FDA news makes little change to our 11% EPS CAGR forecast for Shire. We do, however, make changes to reflect possible earlier onset of sales erosion than previously anticipated and lower 2012-14E EPS by 3-8%."
For an analyst ratings summary and ratings history on Shire plc click here. For more ratings news on Shire plc click here.
Shares of Shire plc closed at $91.36 yesterday.
Analyst, Bhuna Signhal, said, "The FDA has approved a generic version of Adderall-XR (10% of EPS). The EMA has rejected Pfizer’s Taliglucerase, a potential competitor to Shire’s Vpriv (10% of EPS). We had previously flagged that (given the FDA’s recent approval of a generic version of another ADHD drug) Adderall-XR will go generic and had removed the drug from our model. Therefore, the FDA news makes little change to our 11% EPS CAGR forecast for Shire. We do, however, make changes to reflect possible earlier onset of sales erosion than previously anticipated and lower 2012-14E EPS by 3-8%."
For an analyst ratings summary and ratings history on Shire plc click here. For more ratings news on Shire plc click here.
Shares of Shire plc closed at $91.36 yesterday.
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