UBS lowered the firm’s price target on Harmony Biosciences (HRMY) to $43 from $50 and keeps a Buy rating on the shares. Investor concerns over Harmony Biosciences have intensified following Zygel’s Phase 3 failure and the IH approval setback, while upcoming orexin agonists threaten Wakix’s market position, the analyst says.
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Read More on HRMY:
- Harmony Biosciences price target lowered to $36 from $54 at Deutsche Bank
- Harmony Biosciences price target lowered to $35 from $50 at Mizuho
- Harmony Biosciences price target lowered to $55 from $70 at H.C. Wainwright
- Sell Rating for Harmony Biosciences: Setbacks in R&D and Uncertain Pipeline Outlook
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