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$Applied DNA Sciences (APDN.US)$ H.C. Wainwright has lowered...

$Applied DNA Sciences (APDN.US)$ H.C. Wainwright has lowered their price target for Applied DNA Sciences shares, while maintaining a Buy rating.
A public offering is expected to generate approximately $12 million in gross proceeds. Lastly, the company received approval from the New York State Department of Health for its pharmacogenomic testing service, TR8, and plans to implement a reverse stock split to comply with Nasdaq's listing rules.
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