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Jefferies starts coverage of NicOx at buy
Jefferies & Co., Inc. analyst Robin Campbell began coverage of NicOx with a buy rating on the belief that HCT3012 could be uniquely positioned to fill a therapeutic vacuum left by the COX-2s. Phase 3 development is needed for convincing efficacy, according to the analyst. Shares of the Sophia-Antipolis, France-based pharmaceutical company were unchanged at €17.00. (Pink Sheets: NICXF)
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