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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (6612)6/28/2002 9:25:33 AM
From: SusieQ1065  Read Replies (1) of 17639
 
Biotech's getting pump today..

09:17 ET CEPH Cephalon: Actiq growing faster than expected-- Piper Jaffray (44.35)
USB Piper Jaffray says that demand for CEPH's Actiq pain treatment appears to be growing more rapidly than expected, and that Provigil sales appear to be tracking to meet or beat their Q2 sales forecast; raises 2002 est to $1.07 from $1.05 and 2003 to $1.50 from $1.45, and raises price target to $90 from $87.

08:55 ET UBS on prescription drug bill
UBS Warburg believes that the mkt should view the news that the House passed a prescription drug bill as marginally positive; firm thinks that this bill faces an uphill battle in the Senate, but that eventual passage of a prescription drug benefit will be a positive for the industry as it will help to alleviate some of the pressure on drug prices.
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