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Fly News Breaks for December 6, 2019
MGTA
Dec 6, 2019 | 08:09 EDT
BTIG analyst Amanda Murphy initiated coverage of Magenta Therapeutics with a Buy rating and $20 price target. The analyst notes that the company is developing a suite of therapeutic candidates targeting an improved bone marrow transplant process to address key barriers to adoption. Murphy adds that despite the improvement in technology and the growth in bone marrow transplants, about 60% of 150K heme cancer instances eligible for transplant do not receive one.
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