TD Cowen raised the firm’s price target on Axsome Therapeutics (AXSM) to $190 from $155 and keeps a Buy rating on the shares. The company announced it has resolved the Teva (TEVA) patent litigation related to Auvelity, which will allow entry of a generic no earlier than 2038, the analyst tells investors in a research note. The firm believes the news “should help bring much needed clarity” to Auvelity’s exclusivity and potential commercial opportunity, while likely increasing Axsome’s takeout speculation. The stock remains a top pick at TD.
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Read More on AXSM:
- Axsome Therapeutics initiated with a Buy at Deutsche Bank
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