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Biotech / Medical : Vertex Pharmaceuticals (VRTX)

VRTX 422.43

+0.3%

3:59 PM EST

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To: nigel bates who wrote (495)	5/1/2001 7:05:07 PM
From: Miljenko Zuanic	Read Replies (1) of 1169

<<Tuesday May 1, 12:00 pm Eastern Time RESEARCH ALERT-UBS cuts Aurora Biosciences NEW YORK, May 1 (Reuters) - UBS Warburg analyst Jeannie Lorenz said on Tuesday she had lowered her rating to a hold from a buy on biotechnology firm Aurora Biosciences Corp. (NasdaqNM:ABSC - news), and set a price target of $24. ``We are lowering our rating on ABSC... due to valuation,'' she said in a statement. On Monday, Vertex Pharmaceuticals Inc. (NasdaqNM:VRTX - news) had agreed to buy Aurora for about $592 million, or $24 per share, in a stock-for-stock deal. In early trade, Aurora was up 25 cents to $23.45 per share.>> Very brave? In other words, she is short VRTX. It remind me on MLNM, after they bought LKST. Will see how will this acquisition pain out, 12-16 months from now. Miljenko

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