
BofAS Raises Zai Lab TP to HKD18.6, Rating Neutral

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BofAS has raised its target price for Zai Labto HKD18.6 while maintaining a Neutral rating. The report highlights a 13.2% YoY increase in total sales of sample drugs, reaching RMB112.7 million in February. Notable sales include Niraparib, which saw a reduced YoY decline, and significant growth in omadacycline and ripretinib. The broker also increased its probability of success for ZL-1310 from 75% to 80%, leading to a 2% rise in the 2028 revenue forecast. The US share target price was raised from USD21.8 to USD24.
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