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Fly News Breaks for February 9, 2016
BCRX
Feb 9, 2016 | 06:13 EDT
JPMorgan analyst Jessica Fye downgraded BioCryst Pharmaceuticals to Neutral after the company reported avoralstat did not meet its primary endpoint of preventing hereditary angioedema attacks compared to placebo in a Phase IIb trial. The data are "unexpected and disappointing," Fye tells investors in a research note. She cut her price target for BioCryst shares to $5 from $16.
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