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Fly News Breaks for February 23, 2016
OREX
Feb 23, 2016 | 06:09 EDT
Leerink analyst Paul Matteis downgraded Orexigen Therapeutics to Market Perform saying Contrave weekly prescriptions have shown little growth during the past 7 months. Further, multiple payors expressed to the analyst a cautious near-to-mid term outlook for reimbursement in the obesity market. Matteis cut his price target for Orexigen shares to $2 from $4.50.
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