J.P Morgan $12TP, From J.P Morgan: "Our revised target is $12(from 428 prior) based on sharply lower Iclusig expectations…Our valuation is based on an average of our NPV and STOP scenario analysis. We now assign~$8.5/share for Iclusig, ~$2.5/share for AP113, and ~$1/share for cash/platform. As of 2Q,the company had ~$350M in cash.."