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The FDA approval is a significant milestone, indicating potential revenue growth. Historical approvals often lead to initial price drops followed by long-term gains.
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FDA approved Liquidia's Yutrepia for PAH and PH-ILD treatment. Liquidia shares fell 5.2% to $14.80 despite FDA approval. Wells Fargo raised the price target from $20 to $23. HC Wainwright maintained Buy and raised target from $29 to $35. Needham reiterated Buy with a $25 price target.
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