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Fly News Breaks for May 27, 2016
PTLA
May 27, 2016 | 06:40 EDT
Citi analyst Yigal Nochomovitz raised his price target for Portola Pharmaceuticals to $36 after interviewing emergency rooms physicians to understand the potential for company's blood-thinner antidote AndexXa. The FDA action date for AndexXa is August 17 and Nochomovitz expects approval. Physician sentiment indicates a significantly larger market for AndexXa than we had originally modeled, the analyst tells investors in a research note. He reiterates a Buy rating on Portola shares.
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