Jefferies raised the firm’s price target on Neurocrine (NBIX) to $189 from $177 and keeps a Buy rating on the shares. Data is imminent from NBI-‘568’s Phase 2 study in schizophrenia and the firm’s analysis suggests ‘568 could show emraclidine-like efficacy with better safety compared to Bristol Myers’ (BMY) KarXT and similar to AbbVie’s (ABBV) emraclidine, the analyst tells investors. The firm models risk-adj peak sales of $1.8B for ‘568 in schizophrenia, the analyst noted.
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