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Theratechnologies downgraded to Hold from Buy at JonesResearch

JonesResearch downgraded Theratechnologies (THTX) to Hold from Buy after the company announced an agreement with CB Biotechnology, an affiliate of Future Pak, to be acquired for $3.01 per share in cash plus one contingent value right per share for additional aggregate cash payments of up to $1.19 per CVR if certain milestones are achieved.

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