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Fly News Breaks for September 13, 2019
DNLI
Sep 13, 2019 | 05:12 EDT
Nomura Instinet analyst Christopher Marai started Denali Therapeutics with a Buy rating and $35 price target. The analyst expects near-term upside in the shares from two readouts for the company's brain-penetrant degenogene-targeted kinase inhibitors. He believes Denali's approach reduces the traditional risk of central nervous system drug development by mirroring the precision oncology "oncogene" approach.
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