Stifel lowered the firm’s price target on BioMarin to $108 from $118 and keeps a Buy rating on the shares after reporting “strong” Q2 results. While Roctavian remains a show-me story, it was an “outstanding” quarter for Voxzogo, the analyst tells investors. Voxzogo’s growth, however, may be capacity constrained over the next few quarters and recent key-opinion leader checks remain cautious on the early adoption of Roctavian, the firm says.
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