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Fly News Breaks for June 27, 2016
GWPH
Jun 27, 2016 | 06:32 EDT
Janney Capital analyst Ken Trbovich initiated GW Pharmaceuticals with a Sell and $40 price target. The analyst said GW awaits imminent results of Phase 3 trial results in Lennox-Gastaut Syndrome. Unfortunately, even if the data in LGS is good, Trbovich thinks its valuation exceeds the commercial prospects for drugs that treat orphan epilepsy indications.
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