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Fly News Breaks for August 4, 2015
CMRX
Aug 4, 2015 | 06:35 EDT
Piper Jaffray analyst Joshua Schimmer raised his price target for Chimerix to $63 on expectations the company will gain approval next year for three antiviral indications simultaneously. All evidence points to a high probability of success for the Phase 3 study of brincidofovir for allogeneic hematopoetic stem cell transplant, Schimmer tells investors in a research note. Shares have rallied as key data readouts near for brincidofovir, he notes. The analyst keeps an Overweight rating on Chimerix.
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