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Fly News Breaks for December 16, 2015
OREX
Dec 16, 2015 | 07:29 EDT
WallachBeth analyst Bob Ai downgraded Orexigen Therapeutics to Hold citing slowing growth of the company's obesity drug Contrave. The analyst is now "very concerned" that Orexigen partner Takeda will not spend aggressively to promote Contrave. He cut halved his price target for the shares to $2 from $4. Orexigen closed yesterday down 15c to $1.57.
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