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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 12:34 EDT
H.C. Wainwright analyst Edward White maintained a Neutral rating on La Jolla following the company's preannouncement of Q4 and FY19 Giapreza sales, which were $7.2M and $23.1M, respectively. While the sales were higher than the analyst had forecast, he continues to believe they will be immaterial in 2020, and maintained a Neutral rating due to the company's discontinuation of its pipeline product LJPC-401 and sudden departure of its CEO.
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