BMO Capital analyst Evan Seigerman raised the firm’s price target on Vertex Pharmaceuticals (VRTX) to $545 from $520 and keeps an Outperform rating on the shares. The FDA approval of Suzetrigine, now Journavx, for the treatment of acute pain clears the path to a U.S. launch and crystallizes Vertex’s story for growth beyond cystic fibrosis, the analyst tells investors in a research note. This new non-opioid treatment option for acute pain patients is poised for strong uptake, the firm adds.
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