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Fly News Breaks for October 27, 2015
MDVN
Oct 27, 2015 | 07:39 EDT
Jefferies analyst Biren Amin lowered his price target for Medivation to $50 after his survey of 60 physicians indicated moderating growth for Xtandi . The analyst now believes consensus sales estimates in 2016-2019 for the drug look high. Xtandi is likely near peak market share in the pre/post chemo setting, Amin tells investors in a research note. He keeps a Hold rating on Medivation.
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