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Jefferies & Company Maintains Auxilium Pharmaceuticals (AUXL) Buy Rating

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Jefferies & Company analysts Thomas Wei, Shaunak Deepak and Thomas Nguyen rated shares of Auxilium Pharmaceuticals, Inc. (Nasdaq: AUXL) a Buy, with a price target of $44.

The analysts said that like many biotech companies, Auxilium Pharmaceuticals, Inc is set to benefit greatly from health care reform.

Auxilium Pharmaceuticals' Xiaflex drug would receive an additional five years of patent protection under the new bill.

The additional profits of this move alone would add $10 per share to the analysts' price target for Auxilium Pharmaceuticals.

The Jefferies & Company analysts wrote, "the new health care reform act is a major positive for companies with biologics, as it creates a 12-year exclusivity period prior to biosimilar competition."

Posted-In: Auxilium Pharmaceuticals Jefferies & Company Shaunak Deepak Thomas Nguyen Thomas WeiAnalyst Color Price Target Analyst Ratings

 

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