Phase III Fampridine SRLazard raised their tgt on ACOR to $22 from $14 saying they hosted a dinner to discuss the Phase III Fampridine SR data and the reintroduction of Tysabri. The speakers agreed that Fampridine-SR would be appropriate for many of their M.S patients, possibly up to 50%. The speakers said the appeal is that the drug appears to improve symptoms independent of other MS treatments. The firm increased their 2009-10 annual pricing assumption to $7000 from $6000 per year, due to physicians' views that Fampridine-SR fills an unmet medical need and is more than a supportive-care drug. The firm says catalysts include initiating second Fampridine-SR Phase III trial in 1Q07, partnership for Fampridine-SR in Europe in 4Q06/1Q07.
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