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ONYX Pharmaceuticals, AŞ Message Board

  • johnpapas893 johnpapas893 Sep 16, 2012 2:08 PM Flag

    price target

    September 12, 2012 12:23 PM

    In a report published Wednesday, Maxim Group reiterated its Buy rating on Onyx Pharmaceuticals (NASDAQ: ONXX [FREE Stock Trend Analysis]), and raised its price target from $92.00 to $95.00.

    Maxim Group noted, “We believe Kyprolis sales are the major near-term driver of ONXX. Our randomized talks with oncologists suggest that the drug is broadly recognized by doctors and that most doctors will likely prescribe the drug according to its approved indication, relapsed and refractory multiple myeloma (MM) patients with at least two prior therapies. Meanwhile, many oncologists are open to the ideas of using Kyprolis as a first-line therapy once supporting trial data become available. Both the conversion of 003-A1 trial participants to paying patients and new prescriptions could drive sales. That said, we believe consensus expectations could run ahead of actual Kyprolis sales.”

    Sentiment: Strong Buy