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12:00 AM
 | 
Dec 17, 2012
 |  BioCentury  |  Analyst Picks & Changes

Analyst picks & changes

Analyst picks & changes

Company Bank Analyst Coverage Opinion Wk chg 12/14 cls
Alexza Pharmaceuticals Inc. (NASDAQ:ALXA) Roth Capital Partners Scott Henry New Buy 13% $5.84
Henry set a $10 target ahead of the Dec. 21 PDUFA date for Alexza's Adasuve Staccato loxapine to treat agitation in adult patients with schizophrenia or bipolar disorder. Henry expects a positive outcome based on correspondence from the agency indicating that manufacturing is the last hurdle and his belief the agency is comfortable with the product's benefit/risk profile. He estimates peak annual revenues of $200-$250M. On Friday, EMA's CHMP issued a positive opinion recommending approval in Europe.
Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) Piper Jaffray Edward Tenthoff Upgrade Overweight (from neutral) 11% $18.54
Tenthoff also raised his target to $25 from $19 ahead of upcoming milestones, including data next summer from a Phase II trial of ALN-TTR02 for amyloidosis. He noted Alnylam can now focus on its RNAi products and new partnerships after settling litigation with Tekmira Pharmaceuticals...

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