BUZZ-Mirum Pharma gains after Evercore raises PT on liver drugs potential
Reuters03-04
BUZZ-Mirum Pharma gains after Evercore raises PT on liver drugs potential
** Shares of Mirum Pharmaceuticals MIRM.O rise 2.15% to $89.69
** Evercore ISI raises PT to $126 from $101 and reiterates an "outperform" rating
** MIRM "checks all the boxes" with its growing rare-liver disease portfolio plus upcoming data from multiple key trials, clear competitive outlooks, and a real margin expansion story, says Evercore analyst Gavin Clark-Gartner
** MIRM expects mid-stage data for experimental liver disease drug volixibat and interim late-stage data for hepatitis D drug candidate brelovitug in Q2 2026
** Brokerage expects global unadjusted peak sales of $1.2 billion for volixibat in primary sclerosing cholangitis, a rare, chronic, progressive liver disease
** MIRM shares rose over 91% in 2025
(Reporting by Kunal Das in Bengaluru)
((Kunal.Das2@thomsonreuters.com;))
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