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Fly News Breaks for January 23, 2019
GRFS, RIGL
Jan 23, 2019 | 09:24 EDT
After Rigel (RIGL) announced an agreement with Grifols (GRFS) to market Tavalisse in Europe and Turkey, Piper Jaffray analyst Christopher Raymond said he believes the $30M upfront payment and $20M on EU approval should enable Rigel to reach cash flow positivity without additional financings. Citing this, and continued traction in the U.S. for Tavalisse, Raymond keeps an Overweight rating on Rigel shares.
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