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February 5, 2014
07:00 EDTFURX, SLXPFurex drug should not be seen as threat to Salix, says Piper Jaffray
Piper Jaffray believes Furiex's (FURX) receptor antagonist eluxadoline in diarrhea-predominant irritable bowel syndrome should not be seen as a threat to Salix's (SLXP) Xifaxan in IBS-D. Piper says eluxdaoline and Xifaxan are mechanistically very different and will be used differently. The firm views Salix as attractive and reiterates an Overweight rating on the stock with a $106 price target.
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