Raymond James Maintains Strong Buy Rating for Mirum Pharmaceuticals: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of Mirum Pharmaceuticals MIRM and raise its price target from $81.00 to $82.00.

Shares of Mirum Pharmaceuticals are trading up 0.33% over the last 24 hours, at $27.23 per share.

A move to $82.00 would account for a 201.14% increase from the current share price.

About Mirum Pharmaceuticals

Mirum Pharmaceuticals Inc is a biopharmaceutical company focused on the identification, acquisition, development, and commercialization of novel therapies for debilitating rare and orphan diseases. Its product, Livmarli, a novel, orally administered, minimally-absorbed ileal bile acid transporter "IBAT) inhibitor (IBATi), is approved for the treatment of cholestatic pruritus in patients with Alagille syndrome (ALGS). It is involved in the development of Maralixibat for the treatment of pediatric patients with progressive familial intrahepatic cholestasis, or PFIC, and Alagille syndrome, or ALGS. The company is also involved in the development of volixibat for the treatment of adult patients with cholestatic liver diseases.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.