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Fly News Breaks for June 28, 2018
AQXP
Jun 28, 2018 | 08:21 EDT
As reported previously, Canaccord analyst Arlinda Lee downgraded Aquinox to Hold from Buy following its announcement that its lead drug candidate rosiptor failed to show benefit in a Phase 3 trial in bladder pain syndrome/interstitial cystitis. Given that rosiptor development is being ceased, Lee lowered the price target on Aquinox shares to $3 from $22.
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