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Re: None

Thursday, 09/24/2015 8:11:54 PM

Thursday, September 24, 2015 8:11:54 PM

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- SA note -

ONCE - Spark has 70% odds of phase 3 success - Cowen.

• Shares could trade to $70 (implied upside 59%) if Phase 3 study of SPK-RPE65 succeeds, or fall to $10-$20 if it fails, firm says.
• Results are expected in October.
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