Jefferies raised the firm’s price target on Neurocrine to $123 from $122 and keeps a Buy rating on the shares. Ingrezza was approved for the treatment of chorea associated with Huntington’s disease, or HD, as expected, but it “was a bit surprising” that Ingrezza got a VMAT2 class black box warning for depression and suicidal ideation and behavior for the HD indication, the analyst tells investors. Jefferies models peak sales of $332M for Ingrezza in HD Chorea, the analyst noted.
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