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Biotech / Medical : Cell Therapeutics (CTIC)
CTIC 9.0900.0%Jun 26 5:00 PM EST

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From: Icebrg8/11/2007 2:46:59 AM
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Cell Therapeutics "market outperform" - update

Friday, August 10, 2007 10:50:53 AM ET
Rodman & Renshaw

NEW YORK, August 10 (newratings.com) - Analyst Navdeep Jaikaria of Rodman & Renshaw reiterates his "market outperform" rating on Cell Therapeutics Inc (CTIC.NAS). The target price is set to $15 [!].

In a research note published this morning, the analyst mentions that the company has reported its 2Q07 net losses per share higher than the estimates. Cell Therapeutics's acquisition of Systems Medicine offers significant synergy potential to the former company, the analyst says. The interim RAPID results exhibit Pixantrone's potential in CHOP therapy, Rodman & Renshaw adds.
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