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Fly News Breaks for April 20, 2017
TSRO
Apr 20, 2017 | 11:24 EDT
Cowen analyst Boris Peaker said Tesaro's launch of Zejula yesterday significantly reduces the likelihood of an "imminent" acquisition. The analyst believes the launch will be a disappointment for some investors that were holding the stock with an expectation for an imminent takeout. As previously discussed, Peaker did not expect a takeout at this stage given potentially significant competitor risk from Clovis's (CLVS) ARIEL3 trial expected to report results this summer. The analyst rates Tesaro a Market Perform with a $145 price target.
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