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Venture Capital firm Benchmark reiterated its 'Buy' rating on the stock and $50 price target.
The secondary offering, to be underwritten by Jefferies, Bank of America/Merrill Lynch and Robert W. Baird, would offer 7 million shares.
Plus more from the biotechnology world on Wednesday, June 7.
Jim Cramer has the game plan for next week, including earnings from Thor Industries and HD Supply.