Horizon Pharma Upgraded On ‘Game Changer’ Acquisition

By | March 31, 2015

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High-rated specialty-drug stock Horizon Pharma (HZNP) got an upgrade Tuesday in the wake of its deal to acquire an orphan-drug company. Piper Jaffray analyst David Amsellem lifted his rating to overweight from neutral and his price target to 31 from 21 on the strength of Horizon’s $1.1 billion buyout of Hyperion Therapeutics (HPTX). Amsellem singled out Hyperion’s drug Ravicti, a treatment for rare urea cycle disorders (UCD), calling it a “game Scalper1 News

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