Credit Suisse analyst Tiago Fauth raised the firm’s price target on BioMarin to $127 from $110 and keeps an Outperform rating on the shares. The firm notes BioMarin reported financial results for the quarter, in-line with consensus revenues of $538M but missing on non-GAAP earnings of $67M. These results were driven by the continued strength of Voxzogo, offset by higher-than-expected operating expenses and slightly lower Palynziq uptake.
Published first on TheFly
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