Cantor Fitzgerald analyst Charles Duncan lowered the firm’s price target on Neurocrine to $127 from $132 and keeps an Overweight rating on the shares. Neurocrine reported Q4 Ingrezza net sales of $399M, which slightly exceeded the firm’s expectations, driven by the persistent increase in TRx throughout 2022 with 29% growth y/y in 4Q22, the seventh quarter of positive sequential growth, the analyst tells investors in a research note. The firm is bullish on long-term Ingrezza net sales, and anticipates a potential approval in Huntington’s disease chorea in 2023.
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