BofA analyst Chi Fong raised the firm’s price target on Roivant Sciences (ROIV) to $16.50 from $12 and keeps a Neutral rating on the shares following positive Phase 3 results for brepocitinib in dermatomyositis. The data set the stage for brepo’s commercial launch in 2027, says the analyst, who cites the positive data as well as recent progress in lipid nanoparticle litigation for the firm’s higher target.
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