H.C. Wainwright raised the firm’s price target on Vertex Pharmaceuticals to $380 from $326 and keeps a Buy rating on the shares following the Q1 results. The analyst is focusing on VX-548’s Phase 2 program in the chronic pain setting. VX-548 needs to show over 35%-45% pain reduction on the Numeric Pain Rating Scale to be the best-in-class, the analyst tells investors in a research note.
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Published first on TheFly
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