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Fly News Breaks for November 14, 2016
PTCT
Nov 14, 2016 | 09:03 EDT
As previously reported, Credit Suisse upgraded PTC Therapeutics to Outperform from Neutral and raised its price target to $25 from $15. Analyst Alethia Young said PTC announced CHMP is maintaining their conditional marketing approval in Europe. Young now assumed a 100% success in PTC's ROW revenue stream versus 75% previously and expects the company to sell Translarna for at least another four years with no disruption.
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