Information Provided By:
Fly News Breaks for March 21, 2018
INSM
Mar 21, 2018 | 08:13 EDT
Morgan Stanley analyst Matthew Harrison started Insmed with an Overweight rating and $39 price target, as he believes data from its treatment of nontuberculous mycobacteria is strong enough that he estimates $400M-500M of peak U.S. sales. However, while Harrison thinks the market sees the value in the refractory population, it appears to be missing the key upside drivers of expansion into maintenance therapy, geographic expansion to Japan and potentially even frontline treatment, he tells investors.