As previously reported, Evercore ISI analyst Liisa Bayko downgraded Theravance Biopharma to In Line from Outperform with a price target of $8, down from $14, after Yupelri failed in a Phase 4 study that was designed to broaden the addressable market. The firm has updated its model to temper its expectations for the expansion of Yupelri based on the PIFR 2 results and also adjust projections for ampreloxetine, the other active asset in Theravance’s pipeline, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TBPH:
- Viatris, Theravance announce top-line results from YUPELRI Phase III trial
- Viatris, Theravance Biopharma announce results from YUPELRI
- Theravance Biopharma reports Q3 EPS (17c), consensus (21c)
Questions or Comments about the article? Write to editor@tipranks.com