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Fly News Breaks for January 27, 2020
AZN, PHAS
Jan 27, 2020 | 12:20 EDT
William Blair analyst Matt Phipps maintained an Outperform rating on PhaseBio (PHAS) after AstraZeneca (AZN) announced Phase III THALES study results for Brilinta, which noted an increased bleeding rate was observed in the Brilinta plus aspirin arm compared with the aspirin alone arm. The analyst noted that this adds a potential new addressable market for PhaseBio's PB2452, a reversal agent for the antiplatelet activity of Brilinta, assuming approval of Brilinta.