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Fly News Breaks for May 11, 2018
LJPC
May 11, 2018 | 08:30 EDT
Cowen analyst Phil Nadeau noted La Jolla reported Q1 results and announced a $125M royalty agreement with HealthCare Royalty Partners. Giapreza entered the market in March and recorded over $800,000 in revenues, and he said it could address a $500M+ opportunity. Nadeau continues to believes La Jolla is undervalued and he reiterated his Outperform rating, though he lowered his price target to $50 from $55 per share.
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