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Fly News Breaks for August 27, 2015
BMRN, MDVN
Aug 27, 2015 | 08:35 EDT
William Blair said Medivation's (MDVN) purchase of full worldwide rights for talazoparib from BioMarin (BMRN) is a positive, as it could strengthen and expand Medivation's core prostate and breast cancer franchises and could possibly be used in other oncology indications. The firm raised its price target on Medivation to $166 from $152, citing the talazoparib purchase, and keeps an Outperform rating on the stock.
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