Market Overview

UPDATE: Jefferies Raises PT on BioMarin Pharmaceutical as BMN-701 Moves Forward

Share:
Related BMRN
Is BioMarin Still An Outperform At This Research Firm?
BioMarin Completes Rolling NDA Submission to FDA for Drisapersen for Treatment of Duchenne Muscular Dystrophy Amenable to Exon 51 Skipping
Sanofi Misses on Q1 Earnings by a Penny, Maintains Outlook - Analyst Blog (Zacks)

In a report published Wednesday, Jefferies analyst Eun K. Yang reiterated a Buy rating on BioMarin Pharmaceutical (NASDAQ: BMRN), and raised the price target from $65.00 to $70.00.

In the report, Yang noted, “On decent Ph1/2 data, BMRN makes a go decision for BMN-701 for Pompe disease - positive. However, to us, it's uncertain if BMN-701 is indeed superior to Lumizyme; planned Ph2/3 single-arm, switching study (subject to FDA discussion) makes it difficult to compare efficacy. While not as exciting, even at comparable efficacy to Lumizyme, we continue to view BMN-701 has reasonable commercial potential (Lumizyme with ~$610M in FY12 sales).”

BioMarin Pharmaceutical closed on Tuesday at $60.76.

Latest Ratings for BMRN

DateFirmActionFromTo
Mar 2015JefferiesMaintainsBuy
Feb 2015CitigroupMaintainsBuy
Feb 2015JP MorganMaintainsOverweight

View More Analyst Ratings for BMRN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (BMRN)

Around the Web, We're Loving...