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Fly News Breaks for November 6, 2015
ACAD
Nov 6, 2015 | 09:58 EDT
Piper Jaffray analyst Charles Duncan downgraded ACADIA Pharmaceuticals to Neutral from Overweight citing less conviction in the near-term upside from the pimavanserin pipeline. The analyst sees a lack of visibility given the ongoing delays to ADP enrollment, CMO departure, and potential competitive pressure from other neuro-innovators. He cut his price target for shares to $39 from $48.
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