BofA notes that Ascendis Pharma (ASND) shares are under pressure following a death reported in the FAERS database for Yorvipath, though the analyst also notes that company management express confidence that the event is unrelated to Yorvipath and cites other comorbidities as the likely cause. The firm, which awaits more details but remains confident in the risk/benefit of Yorvipath, has a Buy rating and $242 price target on Ascendis shares.
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Read More on ASND:
- Ascendis Pharma price target raised to $242 from $230 at BofA
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- Ascendis Pharma initiated with a Strong Buy at Raymond James
- Ascendis Pharma Grants Employee Warrants to Boost Engagement
- Ascendis Pharma price target raised to $254 from $203 at Cantor Fitzgerald
