Fly News Breaks for March 11, 2015
CLDX
Mar 11, 2015 | 07:59 EDT
Cantor raised its price target on Celldex after the company received Breakthrough Designation for its rindopepimut drug from the FDA. The firm thinks that the designation increases the chances that the drug will be commercialized as a treatment for relapsed Avastin-naive patients on an accelerated basis. The firm is upbeat on the company's outlook and keeps a Buy rating on the shares.
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