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Jefferies maintains Accentia at hold
Accentia Biopharmaceuticals, Inc. was maintained by Jefferies & Co., Inc. analyst Adam A. Walsh at a hold rating and $7 price target as the company and investors await resolution of regulatory status on Accentia's SinuNase product for chronic rhinosinusitis. Recent phase 2 trial results for the company's BiovaxID product for non-Hodgkin's lymphoma were encouraging and Jefferies said it considers the product a free-call option. Shares of the Tampa, Fla., pharmaceutical company were unchanged at $6.30 on volume of 188,932 shares versus the three-month running average of 50,077 shares. (Nasdaq: ABPI)
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