Market Overview

Hapoalim Securities Expects Eli Lilly To Acquire Amylin Pharmaceuticals Post Approval Of AMLN’s Bydureon

Analyst Jon LeCroy of Hapoalim Securities reiterates his "buy" rating on Amylin Pharmaceuticals (NASDAQ: AMLN). The target price for AMLN is set to $22.

According to Hapoalim Securities, “Amylin presented data from the DURATION 2 and 5 trials that, in our view, support both the superiority and the approvability of Bydureon. In DURATION 2 Bydureon handily beat Actos or Januvia and in DURATION 5 Bydureon showed superiority to Byetta. In October, we expect the FDA to approve Bydureon with a similar Black Box label to Victoza and in the next several years, we would expect Eli Lilly (NYSE: LLY) to acquire Amylin.”

Hapoalim Securities expects Amylin shares to suffer if “the approval of Bydureon is a drawn-out approval process at the FDA, or if Amylin is unable to get approval for Bydureon.”

More Analyst Ratings here.

Watch experts project the week ahead, analyze new strategies, and take your questions LIVE: Market Toolbox TV

Posted-In: Hapoalim Securities Jon LeCroyAnalyst Color News Markets Analyst Ratings

 

Related Articles (AMLN + LLY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters