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Fly News Breaks for May 21, 2018
NOVN
May 21, 2018 | 15:19 EDT
JMP Securities analyst Donald Ellis noted that Novan reported Q1 earnings that were ahead of JMP's estimate and the consensus estimate, and added that the company's pipeline is progressing with multiple Phase 1/Phase 2 study top-line results expected later this year. Ellis reiterated a Market Outperform rating and $14 price target on Novan shares.
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