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Fly News Breaks for June 28, 2018
AQXP
Jun 28, 2018 | 07:38 EDT
Needham analyst Alan Carr downgraded Aquinox to Hold from Buy after the company's Phase 3 trial of rosiptor in Interstitial Cyrstitis failed to demonstrate efficacy, with no evidence of activity at any point or within any subset of patient subset. The analyst notes that the management is planning to evaluate its strategic options and willl await an update on its corporate strategy.
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