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Biotech / Medical : GUMM - Eliminate the Common Cold

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To: Street Walker who started this subject5/8/2003 1:09:43 AM
From: StockDung   of 5582
 
EBI Securities, Inc. Reiterates Its Strong Buy Rating of Imclone Systems, Inc.
Author/s:
Issue: Oct 8, 1999

DENVER, Oct. 8 /PRNewswire/ -- The following is being issued by EBI Securities Corp., a member of the National Association of Securities Dealers, CRD Number 16184:

EBI Securities, Inc. reiterates its Strong Buy Rating of Imclone Systems, Inc. (Nasdaq: IMCL). In his Research Update, EBI analyst David Lavigne stated that his view is that assessments concerning a Genentech patent's applicability to C225 are largely overblown. Lavigne noted that his greater concern was whether or not the current turmoil in the stock would affect IMCL's recently announced secondary. Lavigne also added that he continues to believe that successful results from current C225 clinical trials could significantly enhance the price of IMCL shares, especially from recently depressed levels.

COPYRIGHT 1999 PR Newswire Association, Inc.

COPYRIGHT 2000 Gale Group
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