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Fly News Breaks for May 4, 2015
ANAC
May 4, 2015 | 07:26 EDT
Jefferies raised its price target for Anacor Pharmaceuticals to $70 after increasing its AN2728 pricing assumptions by 29% to reflect category trends. The firm expects AN2728 for Atopic Dermatitis to be successful in Phase 3 studies and estimates the drug is worth around $17 per share at current levels. It keeps a Buy rating on the stock.
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