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Biotech / Medical : Biogen
BIIB 186.00-0.5%Jan 8 3:59 PM EST

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To: KENNETH R SANDERS who wrote (892)3/2/1999 10:04:00 AM
From: William Partmann   of 1686
 
Biogen Inc. (BGEN) 104 1/16 +1 13/16: --UPDATE-- US Bancorp Piper Jaffray reiterates "buy" rating on biopharmaceutical company as FDA upholds Avonex's marketing exclusivity under orphan drug act; although decision was expected, FDA's decision renews confidence in Avonex's competitive position and sales prospects; raises price target from $90 to $105 a share.....
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