Aduro Biotech (ADRO) to Acquire BioNovion in EUR 29M Deal

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Leerink Partners Remains Bullish on Aduro Biotech (ADRO) Following Announced BioNovion Acquisition

September 25, 2015 9:04 AM EDT

Leerink Partners reiterated an Outperform rating and $48.00 price target on Aduro Biotech (NASDAQ: ADRO) following announced acquisition of BioNovion. Analyst Seamus Fernandez views the acquisition as a strong strategic move.

Fernandez commented, "We view ADROs announced acquisition of privately held... More