JPMorgan analyst Tessa Romero raised the firm’s price target on Xenon Pharmaceuticals to $54 from $52 and keeps an Overweight rating on the shares. The analyst introduced a potassium channel activator market model for the adjunctive treatment of focal onset seizures. She projects 15%-17% Kv7 activator penetration within the treatment-resistant FOS market with "plenty of room for multiple players with differentiated efficacy and tolerability profiles."
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