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Fly News Breaks for September 19, 2017
MRTX
Sep 19, 2017 | 07:31 EDT
Oppenheimer analyst Leah Rush Cann started Mirati Therapeutics with an Outperform rating and $18 price target as she anticipates several data releases before the end of 2017 that will inform its continued development of its three lead compounds as well as a fourth compound entering clinical development. The analyst estimates that Mirati will first have product revenue in 2022 resulting in total revenue that year of $390.2M, potentially growing to $1.64B in 2023, if all three compounds are successful in currently planned indications.
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