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Biotech / Medical : Analysts and calls -- US Bancorp Piper Jaffray

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To: Icebrg who wrote (12)6/27/2003 4:43:21 PM
From: Icebrg  Read Replies (1) of 22
 
Trimeris initiated with "outperform" - update

Updated Friday, June 27, 2003 2:15:39 PM ET
US Bancorp Piper Jaffray

NEW YORK, June 27 (New Ratings) — Analyst Thomas Wei of US Bancorp Piper Jaffray initiates coverage of Trimeris Inc (TRMS) with an "outperform" rating. The target price is set to $59.

In a research note published this afternoon, the analyst mentions that Trimeris' HIV drug, Fuzeon, has experienced an accelerated demand upsurge over the recent months. US Bancorp Piper Jaffray expects the drug's demand to continuously outpace its supply levels over the long-term.

[The stock opened the day at 46.58 and closed 19 cents higher].
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