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Fly News Breaks for November 9, 2015
AGIO
Nov 9, 2015 | 08:04 EDT
Leerink analyst Seamus Fernandez says shares of Agios Pharmaceuticals are likely to give back their recent gains following yesterday's Phase I data for AG-120 in solid tumors. AG-120 suggested clinical benefit in all main indications and has a "strong biologic rationale for moving forward," but the data are likely below Street expectations, Fernandez tells investors in a research note. He keeps an Overweight rating on Agios.
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