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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

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To: Icebrg who wrote (1802)12/4/2007 2:25:46 AM
From: Icebrg  Read Replies (1) of 1826
 
Wachovia Starts MGI Pharma (MOGN) at Market Perform
12-03-2007 05:43:02 PM

Wachovia initiates coverage on MGI Pharma (Nasdaq: MOGN) with a Market Perform rating and a $31 to $37 valuation range.

The firm said it does not understand the choice by MGI's management to seek strategic alternative at this time, as Wachovia sees MGI's fundamentals improving in the first half of 2008.
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