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Investment analysts at JMP Securities initiated coverage on shares of Loxo Oncology (NASDAQ:LOXO) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Loxo Oncology (NASDAQ:LOXO) opened at 13.05 on Tuesday. Loxo Oncology has a one year low of $12.72 and a one year high of $13.42. The stock has a 50-day moving average of $13.04 and a 200-day moving average of $13.04. The company’s market cap is $208.0 million.

Loxo Oncology, Inc (NASDAQ:LOXO) develops targeted small molecule therapeutics for the treatment of cancer in genetically defined patient populations.

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