Jefferies lowered the firm’s price target on Heron Therapeutics (HRTX) to $5 from $6 and keeps a Buy rating on the shares. Zynrelef delivered Q3 net revenue of $9.3M, ahead of the consensus view of $9M, driven by rising demand, vial access needle transition, improved access, and enhanced support programs, the analyst tells investors in a research note. The firm added that its price target which is based on a DCF valuation model, is also driven by oncology franchise sales, with peak sales of $106M in 2025.
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