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Fly News Breaks for June 27, 2017
ARNA
Jun 27, 2017 | 09:13 EDT
Citi analyst Joel Beatty started Arena Pharmaceuticals with a Buy rating and $23 price target, as he attributes $9 per share in value to Ralinepag and $14 in total for its other three drug candidates in development. Beatty noted that he sees about $8 upside or $6 downside possible for Arena shares when phase 2 Ralinepag results for PAH are reported in July.
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