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Fly News Breaks for April 4, 2016
NBIX
Apr 4, 2016 | 06:40 EDT
Piper Jaffray analyst Charles Duncan left investor meetings with management more positive on Neurocrine Biosciences' lead candidates valbenazine and elagolix. The company's current market capitalization only includes value for one of its two lead programs, Duncan tells investors in a research note. He views both as clinically de-risked and points out each candidate have near-term data that could point to greater than $2B in peak sales. The analyst reiterates an Overweight rating on Neurocrine with a $96 price target.
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