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Fly News Breaks for March 21, 2018
CELG, PRTA
Mar 21, 2018 | 07:39 EDT
Oppenheimer analyst Jay Olson notes Prothena (PRTA) disclosed a neuroscience R&D collaboration agreement the company signed with Celgene (CELG). The analyst is encouraged by this potentially transformational deal as he believes it sets the stage for Prothena to focus efforts on advanced clinical programs while providing funding to support progression of retained discovery assets into the clinic. Olson reiterates an Outperform rating and $70 on Prothena's shares.
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