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Fly News Breaks for May 16, 2016
NSPH, LMNX
May 16, 2016 | 10:22 EDT
Piper Jaffray analyst William Quirk said Luminex (LMNX) acquired a good asset with a "solid install base" by agreeing to acquire Nanosphere (NSPH) and that the deal was done "for the right price." However, Luminex will need to finish its pipeline instrument to remain competitive, said Quirk, who keeps a Neutral rating on Luminex shares.
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