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Fly News Breaks for September 28, 2015
FCSC
Sep 28, 2015 | 07:18 EDT
Wedbush downgraded Fibrocell Science to Neutral and reduced its price target to $6 from $7. The FDA requested Fibrocell Science conduct additional toxicology study to assess safety of FCX-007 injected into non-grafted SCID mice. Analyst David Nierengarten said the request is a surprise and clearly indicates the agency is taking a cautious approach. Nierengarten delayed its launch forecast of FCX-0007 by a year and downgraded shares given limited data flow during that period.
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