UBS Maintains a 'Neutral' on InterMune (ITMN); Takeaways From Our Meeting on Pricing
Tweet
Share
E-mailGet Alerts ITMN Hot Sheet
Price: $73.89 --0%
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Neutral' on InterMune Inc. (NASDAQ: ITMN) price target of $8.50 (from $10.50).
Analyst, Matthew Harrison, said, "At our recent meeting, management confirmed it still expects pricing/reimbursement in France, Italy and Spain before YE. In France, while we have the transparency committee’s recc. (ASMR 4, SMR 3), details such as pricing and the level of reimbursement remain unanswered. In Italy and Spain we have no visibility into the negotiations process and expect a press release from management as the first indication on pricing."
"Normally, we would expect a +5-10% move on each positive decision (e.g., the TC decision in France), but given the demand overhang for Esbriet (higher discontinuation rates in Germany), we would expect no more than a few % up."
For an analyst ratings summary and ratings history on InterMune Inc. click here. For more ratings news on InterMune Inc. click here.
Shares of InterMune Inc. closed at $8.00 yesterday.
Analyst, Matthew Harrison, said, "At our recent meeting, management confirmed it still expects pricing/reimbursement in France, Italy and Spain before YE. In France, while we have the transparency committee’s recc. (ASMR 4, SMR 3), details such as pricing and the level of reimbursement remain unanswered. In Italy and Spain we have no visibility into the negotiations process and expect a press release from management as the first indication on pricing."
"Normally, we would expect a +5-10% move on each positive decision (e.g., the TC decision in France), but given the demand overhang for Esbriet (higher discontinuation rates in Germany), we would expect no more than a few % up."
For an analyst ratings summary and ratings history on InterMune Inc. click here. For more ratings news on InterMune Inc. click here.
Shares of InterMune Inc. closed at $8.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities
- Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
