Craig-Hallum analyst Chase Knickerbocker downgraded Alimera Sciences (ALIM) to Hold from Buy with a $5.50 price target after ANI Pharmaceuticals (ANIP) agreed to acquire Alimera for $5.50 per share in cash upfront and one non-tradable contingent value right representing the right to receive up to $0.50 per share upon the achievement of certain net revenue targets.
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