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Fly News Breaks for May 13, 2019
CTMX
May 13, 2019 | 06:01 EDT
Nomura Instinet analyst Christopher Marai halved his price target for CytomX Therapeutics to $22 but remains a buyer of the stock following the company's Q1 results. Clarification on the '2009 path forward and consistent with CX-072 data will drive share value in 2019 off near all-time-lows, Marai tells investors in a research note. His reduced price target reflects the longer than anticipated trials for '2009 and "limited" '072 updates.
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