UBS raised the firm’s price target on Insmed (INSM) to $194 from $140 and keeps a Buy rating on the shares. The firm is adding in additional Brinsupri indications to its model. The firm expects rapid uptake of Brinsupri in non-cystic fibrosis bronchiectasis patients and tells investors in a research note that Insmed is well-positioned to execute on the launch as the sales force was deployed approximately 10 months prior to launch, engaging with physicians on disease education.
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