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Fly News Breaks for March 2, 2016
Mar 2, 2016 | 09:10 EDT
After speaking with Flamel's CEO regarding the company's decision to delay filing its 2015 Annual Report on its 10-K, SunTrust notes that this is the first year the company has filed as a U.S.-based company, meaning that it has an earlier deadline than in past years. The firm also says that the company uses "very conservative accounting methods." SunTrust believes there is a low chance that the company will "experience accounting irregularities," and it expects the company to file its 10-K by March 15. SunTrust keeps a Buy rating on the shares.
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