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Fly News Breaks for October 19, 2015
GNCA
Oct 19, 2015 | 09:34 EDT
Piper Jaffray analyst Edward Tenthoff cut his price target for Genocea Biosciences after GEN-004 failed to meet the endpoints in a Phase IIa Pneumococcus challenge trial. The vaccine was safe and showed signs of activity with reductions in colonization rate and pneumococcal DNA, however the differences were not significant, Tenthoff tells investors in a research note. He reiterates an Overweight rating on the name.
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