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Benzinga
Benzinga
Business
Priya Nigam

BofA Upgrades Ascendis Pharma After Promising TCP Phase 3 Data

Ascendis Pharma BofA Securities

Following Ascendis Pharma’s (NASDAQ:ASND) reporting of positive topline Phase III data for its PaTHway trial of TransCon PTH (TCP) in adults with hypoparathyroidism, the likelihood of success of its TCP has increased from 60% to 75%, according to BofA Securities.

The Ascendis Pharma Analyst: Tazeen Ahmad upgraded the rating for Ascendis Pharma from Neutral to Buy, while raising the price target from $148 to $161.

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