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Fly News Breaks for March 14, 2019
AMAG
Mar 14, 2019 | 06:54 EDT
Cantor Fitzgerald analyst Matthew Lillis lowered his price target for Amag Pharmaceuticals to $14 from $17 saying failure of the post-approval Makena trial is a "clear setback for the company." The trial result reinforces the importance of the next 12-18 months for Amag to demonstrate that existing and pipeline assets can adequately replace lost Makena revenue, Lillis tells investors in a research note. He reiterates a Neutral rating on the shares.
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