H.C. Wainwright analyst Edward White lowered the firm’s price target on G1 Therapeutics to $3 from $9 and keeps a Buy rating on the shares. The company announced disappointing topline results from its randomized, double-blind, placebo-controlled, Phase 3 PRESERVE 2 study evaluating Cosela in patients receiving chemotherapy for locally advanced unresectable or metastatic triple-negative breast cancer, the analyst tells investors in a research note. The firm removed an expected launch in TNBC from its model.
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