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Fly News Breaks for May 27, 2016
FLXN
May 27, 2016 | 08:57 EDT
Janney Capital analyst Ken Trbovich said that Flexion's plans to submit an NDA for Zilretta in Q4 after the company's communication with the FDA puts the drug on track for potential approval in Q2 or Q3 of next year. Trbovich noted the stock's significant rally after the news, but reiterated the firm's Buy rating, saying the stock is still "well below" his $30 fair value estimate.
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