We note this morning’s announcement that Vernalis’ US partner Tris Pharma has commenced 12-month stability testing on manufactured batches of CCP-08, in line with our expectations. In addition, we have updated our forecasts following FY2015 results (18 months) and the subsequent acquisition of US rights to Moxatag®. The net result is a reduction in target price from 93p to 86p, mainly as a result of a more conservative stance on the initial pricing of TuzistraTM XR, the company’s lead long-actin ....
12 Oct 2015
TuzistraTM rollout gaining pace: remains a Buy
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TuzistraTM rollout gaining pace: remains a Buy
We note this morning’s announcement that Vernalis’ US partner Tris Pharma has commenced 12-month stability testing on manufactured batches of CCP-08, in line with our expectations. In addition, we have updated our forecasts following FY2015 results (18 months) and the subsequent acquisition of US rights to Moxatag®. The net result is a reduction in target price from 93p to 86p, mainly as a result of a more conservative stance on the initial pricing of TuzistraTM XR, the company’s lead long-actin ....