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Fly News Breaks for March 21, 2019
DERM
Mar 21, 2019 | 06:16 EDT
Mizuho analyst Irina Koffler raised her price target for Dermira to $17 from $10, above her prior $15 per share bull case scenario, which considered positive Phase IIb data and a sum-of-parts valuation but did not include additional financing assumptions. The analyst's updated base case scenario now includes the recent $130M financing and a $50M opt-in fee from European partner Almiral. Koffler reiterates a Neutral rating on Dermira.
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