After Sotatercept hit its primary endpoint in its Phase 3 STELLAR trial and significantly improved exercise capacity, Jefferies said the company’s cardio franchise was a "large part" of why the firm made Merck a top pick in pharma. In particular, the firm models Sotatercept peak sales at twice Street estimates, or $7.5Bn versus $3.3B, and the latest data supports its bullish view, the analyst tells investors. Jefferies has a Buy rating and $125 price target on Merck shares.
Published first on TheFly
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