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The positive coverage and increased sales outlook indicate strong future performance. Similar past examples show price increases following favorable analyst ratings.
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Piper Sandler initiates coverage on ANI Pharmaceuticals with Overweight rating. Cortrophin Gel sales doubled to $49.2 million in Q2 2024. Fiscal 2024 Cortrophin gel outlook raised to $185-$195 million. ANI's acquisition of Alimera enhances appeal among ophthalmologists. Positive market positioning expected for ANI in coming 12-18 months.
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