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Fly News Breaks for November 30, 2015
IDRA
Nov 30, 2015 | 06:24 EDT
Piper Jaffray analyst Edward Tenthoff reiterates an Overweight rating on Idera Pharmaceuticals ahead of the company's Phase I/II data on IMO-8400 in Waldenstrom's lymphoma this Saturday, December 5 at the American Society of Hematology meeting. IMO-8400 could provide a safe combination in MyD-88 mutant B-cell lymphoma to extend Imbruvica duration of response, Tenthoff tells investors in a research note. He expects the data to serve as the primary near-term driver for Idera. The analyst has a $7 price target for the shares.
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