December 24, 2012 12:21 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Monday, J.P. Morgan & Co. reiterated its Overweight rating on Aegerion Pharmaceuticals (NASDAQ: AEGR), and raised its price target from $28.00 to $30.00.J.P. Morgan noted, “We are reiterating our OW rating on AEGR following FDA approval of Juxtapid (lomitapide) for HoFH, a potentially fatal rare disease characterized by extremely high levels of cholesterol. This event is in line with expectations (we modeled a 95% probability), albeit a few days early (Dec 29th PDUFA). Shares had rallied into this decision so we are not surprised by the initial market reaction. Importantly, the label appears to be favorable with no restrictions on the definition of HoFH (as some bears had postulated) and no surprises with the warnings/REMS. Going forward, we expect the near term outlook for AEGR shares to be driven by 3 key updates, including 1) Juxtapid pricing, which we anticipate at the time of launch in Jan; 2) details of the company's patient tracker (thus providing more context around the market opportunity) at the J.P. Morgan Healthcare conference; and 3) FDA decision on Juxtapid's key competitor Kynamro (mipomersen) where we currently assume approval by the 1/29 PDUFA.”Aegerion Pharmaceuticals closed on Friday at $25.71.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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