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Fly News Breaks for January 17, 2018
ARNA
Jan 17, 2018 | 08:19 EDT
Leerink analyst Joseph Schwartz raised his price target for Arena Pharmaceuticals to $56 from $53 saying that after a strong 2H17 due to positive Phase 2 ralinepag data in pulmonary arterial hypertension, he believes etrasimod can deliver upside in ulcerative colitis in Q1. The analyst reiterates an Outperform rating on the shares.
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