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Fly News Breaks for May 9, 2018
TBPH
May 9, 2018 | 09:02 EDT
Leerink analyst Geoffrey Porges lowered his price target for Theravance Biopharma to $31 from $41 after the company reported Q1 operational results and announced the discontinuation of its independent development of velusetrag in gastroparesis based on feedback from the FDA about the requirement for large phase III safety and efficacy study as a requirement for approval. The analyst reiterates an Outperform rating on the shares.
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