Diamonds and Dogs
Biotech, FibroGen (FGEN) is jumping 47% thanks to positive study results for a potential blockbuster drug. The company's drug pamrevlumab, a treatment for fatal lung disease idiopathic pulmonary fibrosis, successfully completed a mid-stage FDA test. The analyst at Jefferies sees significant value creation with the drug that could $3 to $4 billion to the company's market cap.
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