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Fly News Breaks for June 14, 2018
PTN, VRX
Jun 14, 2018 | 11:40 EDT
H.C. Wainwright analyst Joseph Pantginis attributes recent weakness in shares of Palatin (PTN) to the relaunch of Addyi by Sprout, and its first-to-market status, following reacquisition of the drug from Valeant (VRX). However, he sees the weakness as undeserved, as he continues to believe that Addyi is an inferior drug with a "sketchy history," Pantginis tells investors. Addyi's "one singular advantage," education and visibility for hypoactive sexual desire disorder, should help the market for Palatin's bremelanotide, which has a "potentially market leading profile," said the analyst, who keeps a Buy rating on Palatin shares.
News For PTN;VRX From the Last 2 Days
VRX
Jul 14, 2018 | 12:16 EDT
Bill Ackman's Pershing Square Holdings has been battered by a long position in Valeant Pharmaceuticals International (VRX) and a short bet against Herbalife Nutrition (HLF), which have been both closed out, Andrew Bary writes in this week's edition of Barron's. But after a humbling three year stretch, the hedge fund titan could be making a comeback, he adds. Closed-end funds tied to Ackman's and Daniel Loeb's hedge funds offer investors an opportunity to participate in their success, Barron's notes. Reference Link
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