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Mirum Pharmaceuticals initiated with an Overweight at Morgan Stanley

Morgan Stanley initiated coverage of Mirum Pharmaceuticals with an Overweight rating and $60 price target. The analyst expects continued launch momentum for the company’s lead program, Livmarli in Alagille syndrome, with near-term opportunity for label expansion and multiple catalysts. The firm says Mirum is a leading rare liver disease company with a track record of success.

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