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Fly News Breaks for June 16, 2015
TEVA, EGRX
Jun 16, 2015 | 07:31 EDT
Cantor increased its price target on Eagle (EGRX) because the firm anticipates less near-term generic competition to the company's 50 mL form of Treanda following a favorable Markman decision in Teva's (TEVA) generic litigation. The firm now models continued price increases for Treanda through 2022, versus its previous outlook for 5% declines in sales of the drug, starting in 2019, due to generic competition. The firm reiterates a Buy rating on Eagle.
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