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Fly News Breaks for June 6, 2016
MRTX
Jun 6, 2016 | 06:36 EDT
Jefferies analyst Brian Abrahams downgraded Mirati Therapeutics to Hold saying the lower objective response rate for lead drug glesatinib and gastrointestinal tolerability necessitating reformulation create increased risk to the drug gaining meaningful long-term market share. The analyst lowered his price target for Mirati to $17 from $27 following the company's update this weekend at ASCO.
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