As previously reported, BofA analyst Jason Gerberry initiated coverage of Arrowhead with a Buy rating and $29 price target. Arrowhead’s Phase 3 drugs, plozasiran and fazirsiran, anchor the firm’s valuation, being valued at $23 per share in the firm’s analysis, the analyst tells investors. The firm sees the late-stage drugs having the potential for about $2.8B in peak sales.
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