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Friday, February 22, 2019

Zogenix initiated at Guggenheim

Zogenix initiated with a Buy at Guggenheim. Guggenheim analyst Yatin Suneja initiated Zogenix with a Buy rating and $70 price target, citing his view that lead clinical asset Fintepla has shown “impressive” antiepileptic properties with a favorable risk-benefit profile. Although Dravet Syndrome is likely to be the first approved indication, Suneja believes the drug’s full potential lies in its applicability across a variety of treatment resistant seizure disorders, he tells investors.

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