Citi analyst Yigal Nochomovitz lowered the firm’s price target on Apellis Pharmaceuticals to $67 from $70 and keeps a Buy rating on the shares. The analyst reduced the probability of sucess for Syfovre in Europe from 75% to 50% on the news that the Committee for Medicinal Products for Human Use does not appear convinced the effects on geographic atrophy lesion growth are translating to a meaningful functional benefit, resulting in a negative trend vote.
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