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Fly News Breaks for June 6, 2017
HCM
Jun 6, 2017 | 07:19 EDT
Canaccord analyst John Newman noted Hutchison China MediTech presented Phase 3 data of fruquinitib for colorectal cancer that reinforced overall survival benefits and showed no liver toxicity. The analyst believes fruquintinib is on its way to approval in China and the company has a deep oncology pipeline. Newman reiterated his Buy rating and $30 price target on Hutchison China MediTech shares.
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