Lake Street analyst Thomas Flaten raised the firm’s price target on Optinose to $4 from $3 and keeps a Buy rating on the shares after the company announced the FDA approval of the XHANCE sNDA, which the firm sees opening the door for the company to triple its total addressable market within the specialty segment. However, the firm cautions investors that the timing of the ramp in sales is contingent on payers expeditiously updating their systems to allow claims under the new indication.
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