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Fly News Breaks for May 11, 2018
ALKS
May 11, 2018 | 06:18 EDT
BofA/Merrill analyst Jason Gerberry initiated Alkermes with a Buy and $56 price target telling investors share valuation reflects low expectations for branded products Vivitrol for addiction and Aristada for schizophrenia, and modest pipeline contribution. Gerberry is most optimistic on pipeline candidates '3831 in schizophrenia, followed by '098 in multiple sclerosis, and said '5461 is a high-risk, high reward opportunity.
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