Canaccord analyst Sumant Kulkarni raised the firm’s price target on Acadia Pharmaceuticals to $24 from $20 and keeps a Buy rating on the shares. The analyst said they issued a 2023 sales outlook for Nuplazid of $520-550mn. We view this as solid especially when viewed against some headwinds the product has faced in terms of in-office channel visits remaining below pre-pandemic levels.
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Published first on TheFly
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