In a report released today, Michael Ulz from Morgan Stanley reiterated a Buy rating on Mirum Pharmaceuticals (MIRM – Research Report), with a price target of $65.00.
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Michael Ulz has given his Buy rating due to a combination of factors that highlight Mirum Pharmaceuticals’ promising growth trajectory. The company is poised for continued commercial expansion, particularly with its flagship product, Livmarli, which is making significant inroads in treating Alagille syndrome (ALGS) and progressive familial intrahepatic cholestasis (PFIC). The management’s strategic focus on increasing market penetration and leveraging competitive advantages such as pricing and dosing dynamics positions Livmarli for sustained growth.
Furthermore, Mirum’s pipeline progress, including the development of volixibat and MRM-3379, underscores its potential for future success. The recent approval of CTEXLI for cerebrotendinous xanthomatosis (CTX) is expected to enhance promotional efforts and drive incremental growth. With a strong financial position, evidenced by a substantial cash reserve, Mirum is well-equipped to execute its strategic initiatives and capitalize on emerging opportunities in the rare disease market.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is neutral on the stock.