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Ipsen: UBS still on hold

( - UBS maintains its neutral rating on the Ipsen stock with an unchanged target of 108 euros.

The analyst believes that the NAPOLI-3 data is in line with his expectations.

"Detailed NAPOLI-3 data presented at ASCO GI were in-line with our expectations. We continue to expect 1st-line use and our Onyvide forecast remains above cons.," UBS said.

Ipsen presented the NAPOLI 3 phase III trial of the Onivyde regimen, which showed positive survival results in previously untreated metastatic pancreatic ductal adenocarcinoma.

In short, these results represent a potential breakthrough in an aggressive and difficult-to-treat cancer.

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