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Fly News Breaks for September 6, 2017
VSTM
Sep 6, 2017 | 09:06 EDT
As previously reported, Cantor Fitzgerald analyst Mara Goldstein upgraded Verastem to Overweight from Neutral after the company reported Phase 3 DUO study data on duvelisib in patients with chronic lymphocytic leukemia/small lymphocytic lymphoma that was "squarely positive" and suggests a viable commercial opportunity. The analyst, who predicts that duvelisib can capture a reasonable market share in both high risk and low/medium risk patients with relapsed/refractory CLL, raised her price target on Verastem shares to $17 from $2.
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