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Harrow price target raised to $63 from $62 at BTIG

BTIG raised the firm’s price target on Harrow (HROW) to $63 from $62 and keeps a Buy rating on the shares after its Q2 results and affirmed guidance. The one oddity in the release was a modest decline in VEVYE sales that management explained – the early launch of VEVYE included patients paying nearly full cost for the drug out of pocket and after the start of the VEVYE-4-ALL program, those patients started paying the $59 base price, the analyst tells investors in a research note. The management also discussed the growing sense in the eye-care space that Harrow is an important one-stop player, the firm added.

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