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recent interim data for its developmental hepatitis C drug is "incrementally positive," according to JMP Securities' Liisa A. Bayko.
Achillion's Monday data dump is among a half-dozen drug company developments that JMP analysts commented on Tuesday.
Bayko reiterated an Outperform rating and $24 price target on Achillion, but called it a "high risk" clinical plan by the company to use its NS5A inhibitor, ACH-3102, in combination with
Gilead Sciences Inc.'sGILD Sovaldi treatment for hepatitis C.
Boston Scientific Corp.BSX agreement to market
C.R. Bard Inc.'sBCR drug-coated balloon called Lutonix in the U.S. got a thumbs up from JMP's J.T. Haresco.
Hareso reiterated an Outperform rating and $17 target on Boston Scientific, and said the Bard agreement covers part of Boston's strategy for selling a complete array of products aimed at peripheral arterial disease.
is making good with its $45 million October acquisition of the osteoarthritis drug Pennsaid, with sales of the product tracking toward $40 million in annual sales, JMP's Oren G. Livnat said.
Livnat raised his target on Horizon 11 percent to $20 and maintained an Outperform rating on the company, citing a possible earnings surprise Feb. 29.
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released its first product, 3D human liver tissue in the third quarter, but on Monday posted related revenue of only $155,000 for the period.
Hareso reiterated a Market Perform rating and said he'll wait for more "visibility" on liver revenue.
Pharmacyclics Inc.PCYC released promising data on its Imbruvica drug from a Phase I lymphoma trial. The drug received marketing clearance for a fourth related indication last month.
JMP's Michael King reiterated an Outperform rating on Pharmacyclics along with a $253 target, predicting 2015 sales of $1.4 billion.
Tetraphase Pharmaceuticals Inc.TTPH may benefit from proposed legislation enabling it to transfer to another company one year of market exclusivity on its eravacycline antibiotic candidate.
The proposal, a small piece of the so-called 21st Century Cures bill now before Congress, could make Tetraphase a more attractive buyout candidate, "or alternatively, it could create a source of financing" once eravacycline is approved, according to Bayko.
Bayko maintained an Outperform rating and $58 target on Tetraphase Tuesday.
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