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Fly News Breaks for March 16, 2016
OREX
Mar 16, 2016 | 06:47 EDT
Piper Jaffray analyst Charles Duncan downgraded Orexigen to Neutral citing lower near-term visibility for Contrave in the U.S. market after the company terminated its commercial partnership with Takeda. The analyst believes the move could eventually be a positive for Contrave, however. He cut his price target for Orexigen shares to $2 from $5.
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