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Fly News Breaks for March 30, 2016
MDCO
Mar 30, 2016 | 07:35 EDT
JPMorgan analyst Jessica Fye says she remains positive on shares of The Medicines Co. after a call with the company's CEO Clive Meanwell. Fye left the call "increasingly convinced" that management is executing well on its plan to unlock value and advance the pipeline. The next key catalyst is the initial data from MDCO-216 likely this summer, and the stock at current levels is reflecting little value for the asset, the analyst tells investors in a research note. She keeps an Overweight rating on The Medicines Co.
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