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Fly News Breaks for May 9, 2019
GBT
May 9, 2019 | 07:11 EDT
Oppenheimer analyst Mark Breidenbach raised his price target for Global Blood Therapeutics to $89 from $82 following Q1 results and given a potential launch on the horizon and sufficient cash to support operations into commercialization. Following a pre-NDA meeting with regulators, management expects to complete its rolling NDA submission for voxelotor in the second half of 2019, putting the drug on trackmfor potential accelerated approval in the first half of 2020, he notes. The analyst reiterates an Outperform rating on the shares.
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