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Fly News Breaks for September 16, 2019
FATE
Sep 16, 2019 | 05:06 EDT
To account for dilution from last week's secondary offering, Piper Jaffray analyst Edward Tenthoff lowered his price target for Fate Therapeutics to $28 from $30. The analyst, however, reiterates an Overweight rating on the shares, saying Fate now has $303M of pro forma cash to advance cancer therapies.
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