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Fly News Breaks for March 5, 2015
TEAR
Mar 5, 2015 | 08:48 EDT
Craig-Hallum would be a buyer of TearLab following the $35M financing announcement. The analyst said the agreement leaves TearLab well positioned to finance growth over the next several years and sees a recovery in revenue growth given the strengthening sales force and more streamlined contracting model, and expects accelerating adoption of osmolarity testing. Shares are Buy rated with a $5 price target.
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