UPDATE: Piper Jaffray Raises PT to $83 on Regeneron Pharmaceuticals

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A report from Piper Jaffray reiterates its Overweight rating and raises its price target from $73 to $83 on Regeneron Pharmaceuticals
REGN
. The report states, “We expect EYLEA will compete well against Lucentis given the drug's lower price, similar efficacy with fewer monitoring visits and injections. Regeneron expects to end 2011 with >$800 million in cash to launch EYLEA, ZALTRAP in colorectal cancer and ARCALYST to prevent gout flares.” REGN closed Friday at $49.81.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsPiper Jaffray
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