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Fly News Breaks for September 24, 2015
HRTX, PCRX
Sep 24, 2015 | 06:02 EDT
Barclays analyst Douglas Tsao views yesterday's selloff in shares of Pacira Pharmaceuticals (PCRX) as an overreaction. Heron Therapeutics (HRTX) tried to make the case that its product has a superior profile to Pacira's Exparel, but its data "raised several questions that could affect its path to market," Tsao tells investors in a research note. The analyst remains confident in Exparel's market position over the long-term and keeps an Overweight rating on Pacira with am $85 price target.
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