From ClearBridge Investments:
"There seems little reason why every one of the more than 70 million people in the U.S. with TGs over 150 should not take this affordable, safe, highly effective drug. When the stock, which had risen only to $3.00 over our three-year plus holding period, opened at $10, it reflected a fraction of that opportunity. Yes, it was up over three times, but the peak sales outlook had shifted from a range of $300 million to $500 million, with an option for more, to something closer to $3 billion to $15 billion with high likelihood. As such, we continue to hold the stock as our number one position. -
"There seems little reason why every one of the more than 70 million people in the U.S. with TGs over 150 should not take this affordable, safe, highly effective drug. When the stock, which had risen only to $3.00 over our three-year plus holding period, opened at $10, it reflected a fraction of that opportunity. Yes, it was up over three times, but the peak sales outlook had shifted from a range of $300 million to $500 million, with an option for more, to something closer to $3 billion to $15 billion with high likelihood. As such, we continue to hold the stock as our number one position. -