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Fly News Breaks for December 18, 2019
NVS, ADRO
Dec 18, 2019 | 07:13 EDT
H.C. Wainwright analyst Joseph Pantginis lowered his price target for Aduro Biotech (ADRO) to $4 from $7 after the company announced Novartis' (NVS) decision to remove ADU-S100 from its portfolio. While acknowledging the announcement is perceived as an overall negative, the analyst notes that Novartis remains committed to targeting the pathway. As such, he has no expectation that the company is going to alter the terms of its partnership with Aduro. Pantginis keeps a Buy rating on Aduro Biotech.
News For ADRO;NVS From the Last 2 Days
NVS
Apr 24, 2024 | 07:26 EDT
TD Cowen analyst Yaron Werber raised the firm's price target on BeiGene (BGNE) to $236 from $235 and keeps a Buy rating on the shares. The firm updated its model to reflect lower collaborative revenue given termination of Novartis (NVS) agreement for tisle in Sep 2023.
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