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BTGFri, 07th Dec 2018 17:36
LONDON (Alliance News) - BTG PLC on Friday said that two companies modified their holdings in the healthcare firm.
Woodford Investment Management Ltd lowered its stake to less than 5% from a previous 9.98% in a deal completed on Thursday.
Meanwhile after a deal on the same day, BlackRock Inc was left with a current holding of 5.16%. The firm's previous stake in the company was not disclosed.
BTG shares closed down 3.1% at 826.22 pence each.
Investec reiterated a 'buy' rating and price target of 647p for pharmaceuticals firm BTG after reappraising its key product Varithena. The bank said investors overreacted to concerns over BTG's earning profile, in particular the varicose vein treatment Varithena. "After interviewing physicians and
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