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Fly News Breaks for June 10, 2016
CELG, XLRN
Jun 10, 2016 | 13:13 EDT
Piper Jaffray analyst Edward Tenthoff noted that Acceleron (XLRN) and partner Celgene (CELG) reported updated results from the Phase II extension trial of luspatercept in Beta-Thalassemia that showed higher Hb levels out to 12 months and durability of transfusion independence. Calling the results "encouraging," Tenthoff raised his price target on Acceleron to $40 from $37 and reiterate an Overweight rating on the stock.
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