Piper Sandler analyst David Amsellem raised the firm’s price target on Jazz Pharmaceuticals (JAZZ) to $219 from $147 and keeps an Overweight rating on the shares. With Jazz recently announcing positive top-line results from the pivotal HERIZON-GEA-01 study evaluating novel bispecific HER2-directed antibody zanidatamab in HER2+ first-line advanced/metastatic gastroesophageal adenocarcinoma, the firm is updating its model to reflect significantly less risk-adjustment associated with its sales estimates for the product.
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