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Fly News Breaks for March 8, 2016
NBY
Mar 8, 2016 | 07:53 EDT
Maxim analyst Jason Kolbert downgraded NovaBay Pharmaceuticals yesterday to Hold citing the company's "weak" balance sheet. Avenova sales are not growing fast enough for the company to reach breakeven "anytime in the next few years," Kolbert told investors in a research note.
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