By: Benzinga
Jefferies Reiterates Buy Rating, $34 PT on Partnership with Alnylam Pharmaceuticals
In a report published Monday, Jefferies reiterated its Buy rating and $34.00 price target on The Medicines Company (NASDAQ: MDCO ). Jefferies noted, “This morning, MDCO and Alnylam Pharmaceuticals (ALNY, $24.24, NC) announced they have formed a strategic partnership to develop a RNAi-based therapeutic program for the treatment of hypercholesterolemia.
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