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March 5, 2014
06:01 EDTXOMAXOMA weakness a buying opportunity, says Piper Jaffray
Piper Jaffray recommends buying shares of XOMA on weakness after the company announced that the 6-month Phase II data of gevokizumab in Erosive Osteoarthritis of the Hand failed to support further development. Piper said it had no value of this indication in its $9 price target and reiterates an Overweight rating on the name.
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