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Citi likes FibroGen, sees 49% upside; shares ahead 9% premarket on light volume

Stock Markets Jun 26, 2017 09:01AM ET
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© Reuters. Citi likes FibroGen, sees 49% upside; shares ahead 9% premarket on light volume
  • FibroGen (NASDAQ:FGEN) is up 9% premarket, albeit on only 1,500 shares, on the heels of Citigroup (NYSE:C)'s announcement that it is a top pick. Analyst Joel Beatty says anemia candidate roxadustat should be a winner with the potential to the top drug for the condition. He pegs the probability of approval at 80% ahead of the conclusion of late-stage studies (top-line date expected in mid-2018).
  • Source: Bloomberg First Word
  • Now read: Look Out Below - Tax Issues Could Catch ALIOY Holders By Surprise


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Citi likes FibroGen, sees 49% upside; shares ahead 9% premarket on light volume
 

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