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Fly News Breaks for May 19, 2017
ALKS
May 19, 2017 | 07:19 EDT
Credit Suisse analyst Vamil Divan said he views the additional ALKS 5461 FORWARD-5 study data that Alkermes presented as an incremental positive, adding that the safety profile of the prospective depression treatment also seems clean. A "leading psychiatrist" that Divan met with now feels more comfortable that the data for ALKS 5461 should be sufficient for FDA approval, the analyst tells investors. He keeps an Outperform rating and $70 target price on Alkermes shares.