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Fly News Breaks for November 15, 2018
AVEO
Nov 15, 2018 | 13:01 EDT
After Aveo Pharmaceuticals announced European partner EUSA is now receiving German reimbursement for tivozanib to treat first-line advanced renal cell carcinoma, Piper Jaffray analyst Edward Tenthoff said he forecasts royalties of $525,000 this year and $3M in 2019. Tenthoff also forecasts FDA approval and a U.S. launch for tivozanib in 2020, projecting initial sales of $32M growing to $218M by 2025. He maintains an Overweight rating and $5 price target on Aveo shares.
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