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OMER
Benzinga
8 days

Omeros Analyst Sees $1 Billion Potential For Narsoplimab Before FDA Decision

1. H.C. Wainwright rates OMER as Buy with a $9 price target. 2. Omeros approaches FDA decision on Narsoplimab expected September 25. 3. Narsoplimab's approval could unlock $500-$1B commercial opportunity. 4. Omeros is scaling back other initiatives to focus on Narsoplimab launch. 5. Despite past losses, OMER shares are trending up by 3.58%.

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FAQ

Why Bullish?

A Buy rating with a high target price indicates potential upside. Historical examples show FDA approvals can lead to significant stock increases.

How important is it?

Analyst coverage initiations combined with an FDA decision heavily influence stock pricing.

Why Short Term?

The upcoming FDA decision on September 25 affects the stock's immediate potential. Similar situations in biotech often lead to stock volatility around such milestones.

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