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Fly News Breaks for July 18, 2016
INCY
Jul 18, 2016 | 07:55 EDT
Leerink analyst Michael Schmidt expects a "strong" Q2 for Incyte, following a "fundamentally strong," but in-line Q1. The analyst expects the company's quarter to benefit from a reduction in gross/net adjustment from Q1, a 6% price increase on March 31st, and continued strong product demand. Schmidt reiterates an Outperform rating and $85 price target on the shares.
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