Piper Jaffray Initiates Coverage on Supernus Pharmaceuticals

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According to a research report this morning, Piper Jaffray initiated an Overweight rating and a $10 PT on Supernus Pharmaceuticals
SUPN
as the up-and-coming pharmaceutical company introduced two impressive Central Nervous System therapies. Piper Jaffray explained, “Supernus is an emerging specialty pharmaceutical company that is leveraging its well-established expertise in extended- and modified-release drug delivery technologies to develop and commercialize next-generation oral therapies for the treatment of a variety of diseases of the central nervous system (CNS). We could see two FDAapproved extended-release (ER) therapies, namely ER topiramate formulation SPN-538 and ER oxcarbazepine formulation SPN-804, for the treatment of epilepsy before the end of 2012.” Supernus Pharmaceuiticals closed Friday at $5.94.
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Posted In: Analyst ColorInitiationAnalyst RatingsPiper Jaffray
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