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TD Cowen Maintains Buy on Royalty Pharma, Raises Price Target to $68

Sep 8, 2026, 2:13 PMBenzinga Newsdesk

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Source: benzinga
Observed: Sep 8, 2026, 2:13 PM
Checked: Sep 8, 2026, 2:13 PM
Cadence: Captured once, then retained as an archive reference
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BenzingaSep 8, 2026, 2:48 PMBenzinga Newsdesk
Royalty Pharma shares are trading lower amid sympathy with Novartis after that company's pelacarsen phase III trial failed to reach its primary endpoint. The company had signed a $500 million funding agreement with Novartis partner Ionis that would have contributed pelacarsen royalties.
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Novartis stock falls following Phase 3 clinical trial failures for del-desiran and pelacarsen, impacting Ionis and Royalty Pharma shares.
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