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Fly News Breaks for June 13, 2017
XLRN
Jun 13, 2017 | 07:14 EDT
Credit Suisse analyst Alethia Young removed dalantercept from her valuation of Acceleron after the company announced that they will discontinue development of the drug following the failure of their RCC study. Removing the drug from her model led Young to lower her price target on the stock to $35 from $46, though she keeps an Outperform rating, citing the long-term potential seen for luspatercept.
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