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Fly News Breaks for June 18, 2015
BMRN
Jun 18, 2015 | 06:00 EDT
Barclays raised its price target for BioMarin to $156 after vosoritide in a Phase 2 study showed a "clinically meaningful" 50% mean increase in annualized growth velocity for children with achondroplasia. The study, in effect, returned children with achondroplasia to normalized growth patterns, the firm tells investors. It views vosoritide as de-risk and keeps an Overweight rating on BioMarin. Piper this morning raised its price target for shares to $147.
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BMRN
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