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Insmed PT Raised to $67 at TD Cowen

EditorLina Guerrero
Published 05/09/2024, 04:19 PM
Updated 05/29/2024, 10:51 AM
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TD Cowen analysts raised the price target on Insmed (NASDAQ:INSM) to $67.00 (from $45.00) while maintaining a Buy rating.

The analysts commented, "We think this AM's best case scenario ASPEN data drives 80%+ probability of US, EU and JP approval. Given the clinically meaningful effect size with strong stat significance, along with strong stats and/or trends in key secondary endpoints (particularly FEV1 and QoL-B), we predict clean approval and model $3.4B in peak sales using a $30K gross price at launch, and 40% peak market share."

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