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Fly News Breaks for February 1, 2016
XON
Feb 1, 2016 | 07:17 EDT
Stifel says that Intrexon has a GMO mosquito that could "eradicate or significantly control" the mosquitoes spreading the Zika virus in Brazil. The firm thinks that the company could generate $200M-$400M from such an initiative, but it believes that it may take a decade or more for the revenue to reach that level. It adds that the company may generate as much or more additional; revenue if an organization like the UN or the Gates Foundation pays it to eradicate mosquitoes carrying Zika in very poor countries. Stifel keeps a $69 price target and Buy rating on Intrexon.
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