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12:00 AM
Oct 22, 2012
 |  BioCentury  |  Analyst Picks & Changes

Analyst picks & changes

Analyst picks & changes

Company Bank Analyst Coverage Opinion Wk chg 10/19 cls
Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR) Deutsche Bank Robyn Karnauskas Price target Buy 23% 19.6
Jefferies Eun Yang Price target Buy
Karnauskas raised her target to $30 from $19 after FDA's Endocrinologic and Metabolic Drugs Advisory Committee voted 13-2 that efficacy and safety data for Aegerion' lomitapide support approval to treat homozygous familial hypercholesterolemia (hoFH) (see B10). She assumes a launch early next year and estimates lomitapide will generate peak worldwide sales of about $500M in adults and about $160M in pediatric patients. The small molecule microsomal triglyceride transfer protein (MTP) inhibitor has a Dec. 29 PDUFA date.
Yang raised her target to $22 from $20 on the panel vote. She expects Aegerion to launch lomitapide in the U.S. in early 2013 and in the EU in 2H13. Yang estimates peak lomitapide...

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