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Fly News Breaks for April 24, 2018
PRTA
Apr 24, 2018 | 07:54 EDT
Oppenheimer analyst Jay Olson downgraded Prothena to Perform from Outperform on limited near-term catalysts after the company announced discontinuation of NEOD001, an investigational antibody in development for the treatment of AL amyloidosis. The analyst notes that the decision was based on results from the Phase 2b PRONTO study and a futility analysis of the Phase 3 VITAL study.