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Fly News Breaks for July 23, 2019
SRNE
Jul 23, 2019 | 07:23 EDT
H.C. Wainwright analyst Raghuram Selvaraju lowered his price target for Sorrento Therapeutics to $30 from $40 to reflect dilution from the company's sale of 8.3M shares at $3.00. He views resiniferatoxin as one of the most promising projects in Sorrento's pipeline and reiterates a Buy rating on the shares, however.
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