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Fly News Breaks for August 15, 2019
MDCO
Aug 15, 2019 | 08:09 EDT
Jefferies analyst Biren Amin sees a low prospect of failure for The Medicines Co.'s upcoming Orion Phase III trials. It is unlikely that the LDL benefit will deteriorate in the trial, Amin tells investors in a research note. The analyst also expects a "clean safety profile" that mirrors the marketed PCSK9 drugs. The likelihood of "good" data looks high, with potential share upside of 20%-25%, says the analyst. He keeps a Buy rating The Medicines Co. with a $44 price target.
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