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Fly News Breaks for January 19, 2016
ARIA
Jan 19, 2016 | 05:40 EDT
Barclays analyst Jonathan Eckard started shares of ARIAD Pharmaceuticals with an Underweight rating and $6 price target. The oncology company closed Friday down 13c to $5.41. ARIAD is "stuck in a rut" with its approved leukemia drug Iclusig showing slowing sales, Eckard tells investors in a research note. Further, while the company's targeted lung cancer drug is advancing towards approval, it would be the third to arrive on the market, the analyst notes.
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