BofA raised the firm’s price target on Ascendis Pharma (ASND) to $230 from $227 and keeps a Buy rating on the shares after partner Teijin Limited received manufacturing and marketing approval for Yorvipath in Japan for the treatment of hypoparathyroidism. The firm, which adds the Japan opportunity to its model, maintains a “bullish outlook” on the global Yorvipath opportunity, estimating peak sales of $3.2B.
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