BMO Capital raised the firm’s price target on Regeneron to $1,025 from $1,001 and keeps an Outperform rating on the shares. The firm is "optimistic" going into the company’s phase 3 BOREAS Dupixent readout for patients with moderate-to-severe COPD that is expected in late March or April though investor expectations are mixed – positive given existing data and approval in asthma and negative given previous failures of biologics in COPD and lack of early data, the analyst tells investors in a research note.
Published first on TheFly
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