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Fly News Breaks for September 15, 2015
RPTP
Sep 15, 2015 | 06:26 EDT
Citi analyst Joel Beatty downgraded Raptor Pharmaceuticals to Neutral after the Phase 2b trial of RP103 for pediatric fatty liver disease did not meet its primary endpoint. Beatty sees "stronger support" for RP103 in Huntington's disease, but believes an additional trial will be needed, pushing out approval to 2020. The analyst cut his price target for shares to $8 from $20. Shares of Raptor closed yesterday down $4.51 to $7.52.
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