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Fly News Breaks for December 20, 2018
IMMU
Dec 20, 2018 | 10:07 EDT
Guggenheim analyst Michael Schmidt said Immunomedics management indicated that a competitor research report published this morning highlighted the company's receipt of an FDA Form-483 citing manufacturing issues regarding sacituzumab. He added that management pointed out to that this Form-483 was already received in August, four months ago, and the company believes it has addressed the manufacturing issues cited. He thinks today's weakness is overdone and keeps a Buy rating on Immunomedics shares.
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