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Fly News Breaks for December 18, 2015
BIOD
Dec 18, 2015 | 07:18 EDT
William Blair analyst John Sonnier downgraded Biodel to Market Perform citing a lack of clarity into the development timelines for the company's two product candidates, BIOD-531 and glucagon. Due to the recent setbacks with the glucagon and BIOD-531 programs, management has decided to seek strategic alternatives to maximize shareholder value, Sonnier points out.
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