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Fly News Breaks for January 28, 2020
Jan 28, 2020 | 08:57 EDT
JPMorgan analyst Eric Joseph views the after-market rally of 65% in shares of Acceleron Pharma as "somewhat excessive" if sustained. While the pulmonary arterial hypertension top-line data is a "clear win," the strong reaction is potentially reflective of rising takeover expectations, Joseph tells investors in a research note. The analyst awaits fuller Phase 2 data to better inform sotatercept's probability of success and commercial penetration assumptions. He keeps an Overweight rating on Acceleron, whose stock is up 51% to $79.62 in premarket trading.
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