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Biotech / Medical : Analysts and Calls -- Lehman

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To: tuck who started this subject10/15/2003 11:37:53 AM
From: nigel bates   of 30
 
FTSE TechMARK movers: Celltech gets broker's leg-up

LONDON (ShareCast) - Celltech (LSE: CCH.L - news - msgs) got a lift from a bullish note from Lehman Brothers.

The broker has raised its price target to 500p from 410p, after Phase II clinical trial data from Germany's Schering suggested its treatment for Crohn's disease might struggle to compete with Celltech's drug in trials, CDP 870.

CDP 870 might also be useful as a treatment for rheumatoid arthritis, the broker said...
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