J.P. Morgan analyst Jessica Fye has maintained their bullish stance on UTHR stock, giving a Buy rating yesterday.
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Jessica Fye’s rating is based on the impressive results from United Therapeutics’ phase III TETON 2 trial for Tyvaso in treating idiopathic pulmonary fibrosis (IPF). The trial demonstrated a significant improvement in forced vital capacity (FVC) compared to placebo, outperforming a competitor’s product in a similar patient population. This is particularly noteworthy given the historical challenges in developing effective treatments for IPF, making Tyvaso’s results stand out.
Furthermore, the potential market opportunity is substantial, as evidenced by the sales figures of existing IPF treatments like Ofev and Esbriet. With Tyvaso’s promising data, United Therapeutics is poised to enter a new growth phase, potentially launching in 2027. The anticipation of further positive results from the upcoming TETON 1 trial and discussions with the FDA to expedite regulatory review further support the optimistic outlook for the stock.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $349.00 price target.