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Fly News Breaks for January 15, 2019
ALNY
Jan 15, 2019 | 16:36 EDT
Piper Jaffray analyst Edward Tenthoff lowered his price target on Alnylam to $152 to account for dilution after the company announced a 5M share stock offering yesterday. The analyst keeps his Overweight rating on the shares and sees its next potential catalyst in the release of the full Phase III givosiran data this quarter, which he expects to lead to approval of the company's second RNAi around the end of 2019.
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