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Fly News Breaks for August 31, 2015
MDCO
Aug 31, 2015 | 08:10 EDT
JPMorgan analyst Jessica Fye raised her price target for The Medicines Company to $45 saying the company's PCSK9 has potential to be differentiated from the antibodies with similar LDL-C lowering and potentially quarterly dosing. Fye now models an increased probability of success of 60% and peak sales of $1.6B for ALN-PCSsc and reiterates an Overweight rating on The Medicines Co.
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