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Alder Biopharm (ALDR) Weakness Creates Buying Opportunity - Jefferies

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Alder BioPharma (ALDR): Buy On Weakness Ahead Of ALD403 - Piper Jaffray

November 17, 2016 7:32 AM EST

Piper Jaffray analyst, Charles Duncan, reiterated his Overweight rating on Alder Biopharm (NASDAQ: ALDR) after shares traded off, likely due to competitive noise ahead of the Amgen Phase III STRIVE results.

In STRIVE, erenumab demonstrated efficacy in line with the analyst's expectations (1.7 day... More