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Fly News Breaks for July 29, 2015
IMMU
Jul 29, 2015 | 06:08 EDT
Jefferies analyst Chris Howerton downgraded Immunomedics to Hold after epratuzumab failed in Phase 3 trials for lupus. Howerton believes partner UCB will likely discontinue the program given the negative outcome. He cut his price target for shares of Immunomedics to $2 from $6.
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