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Fly News Breaks for January 16, 2019
MYOK
Jan 16, 2019 | 09:01 EDT
Cantor Fitzgerald analyst Alethia Young reiterates an Overweight rating on MyoKardia (MYOK) with a $90 price target. The analyst updated her model after MyoKardia partner Sanofi (SNY) decided not to continue the companies' collaboration. Young's model now assumes MyoKardia regaining full global commercial rights to both mavacamten and MYK-491 and also assuming sole responsibility for future development costs. However, her $90 target for MyoKardia shares remains unchanged.
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