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Fly News Breaks for February 23, 2016
CMRX
Feb 23, 2016 | 05:43 EDT
Barclays analyst Geoff Meacham downgraded Chimerix to Equal Weight citing less confidence in the ongoing phase 3 adenovirus study. After Chimerix presented full data from the failed SUPPRESS study of brinci, Meacham lowered his probability of success for AdVise study to 25% from 80%. He cut his price target for the shares in half to $6 from $12.
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