Neurocrine Biosciences price target raised at Oppenheimer after FDA approves movement disorder treatment

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Neurocrine Biosciences price target raised at Oppenheimer after FDA approves movement disorder treatment
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Neurocrine Biosciences Inc. said Friday that the U.S. Food and Drug Administration has approved Ingrezza for treatment of an involuntary movement disorder...

Neurocrine Biosciences Inc.

said Friday that the U.S. Food and Drug Administration has approved Ingrezza for treatment of an involuntary movement disorder linked with Huntington’s disease, prompting analysts at Oppenheimer to boost their price target on the shares. “Ingrezza could become a pipeline-in-a-product,” based on additional indications beyond the movement disorder, called chorea, the Oppenheimer analysts wrote in a note Sunday, raising their price target on the stock to $154, from $150 previously.

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