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Fly News Breaks for August 8, 2019
CPRX
Aug 8, 2019 | 13:09 EDT
SunTrust analyst Joon Lee raised his price target for Catalyst Pharmaceuticals to $11 from $9 and recommends buying the stock on today's post-earnings weakness. The company reported a "strong" quarter with Firdapse sales topping expectations, Lee tells investors in a research note. The analyst is "less bullish" into the Phase 3 congenital myasthenic syndromes data in the second half of 2019, but believes the readout could be a "clearing event" for the Phase 2b anti-MuSK antibody positive myasthenia gravis trial data in the first half of 2020. He's "more bullish" on the latter and keeps a Buy rating on Catalyst Pharmaceuticals.
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