After Biohaven presented preliminary safety and pharmacokinetic data from their Phase 1 healthy volunteer SAD/MAD study of BHV-7000, Piper Sandler analyst Christopher Raymond said he is "incrementally positive" on shares as he was "impressed" that the drug’s safety profile holds up at doses meaningfully higher than that of key competitor XEN1101. BHV-7000 having a wider therapeutic index and the ability to achieve higher efficacy with higher doses "could be the major differentiating feature" and these "promising but preliminary" data support the drug’s "potential best-in-class safety profile," according to Raymond, who has an Overweight rating and $21 price target on Biohaven shares.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BHVN:
- J.P. Morgan Says These 2 Stocks Are Ready to Rip Higher — This Is What Makes Them Attractive Buys
- Biohaven rises 9.0%
- Biohaven initiated with an Overweight at JPMorgan
- Biohaven treatment of spinal muscular atrophy granted orphan designation
- Cowen says full sale of BioCryst ‘potentially now even more likely’
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue