Information Provided By:
Fly News Breaks for June 8, 2017
RHHBY, NLNK
Jun 8, 2017 | 09:26 EDT
Cantor Fitzgerald analyst Mara Goldstein says that while Roche's (RHHBY) decision to return the rights to GDC-091 is disappointing, the broader research collaboration with NewLink Genetics (NLNK) on next-generation IDO compounds remains intact. The analyst notes that her $32 price target for NewLink is under review. Goldstein expects further clarity around the future of GDC-091 as NewLink begins evaluation later this year. The analyst has an Overweight rating on the shares.