BMO Capital lowered the firm’s price target on Regeneron (REGN) to $600 from $800 and keeps an Outperform rating on the shares. The firm is updating its model following “disappointing” results for itepekimab in COPD, noting that with only one of the two phase 3 studies reaching statistical significance and the path forward for approval more difficult, it is lowering its probability of success for itepekimab to 0%, the analyst tells investors in a research note.
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Read More on REGN:
- Sanofi price target lowered to EUR 108 from EUR 121 at Guggenheim
- Regeneron enters strategic licensing with Hansoh Pharmaceuticals
- Regeneron price target lowered to $755 from $958 at Morgan Stanley
- Regeneron’s announces results of Phase 2 trial of semaglutide+trevogrumab
- Optimistic Outlook on Regeneron Despite Mixed AERIFY Trial Results
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