H.C. Wainwright analyst Andrew Fein raised the firm’s price target on Vertex Pharmaceuticals (VRTX) to $462 from $457 and keeps a Buy rating on the shares after the company announced the acquisition of Alpine Immune Sciences (ALPN). The ability to target both BAFF and APRIL now allows Vertex to go behind a host of immunoinflammatory diseases apart from IgA nephropathy, the analyst tells investors in a research note.
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