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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: icanpickem who started this subject10/22/2003 8:18:05 AM
From: IRWIN JAMES FRANKEL  Read Replies (1) of 3044
 
Angiomax price increase was 9% vs I at 5.2%

07:51 ET
MDCO The Medicines Co upgraded at WR Hambrecht (24.66)
WR Hambrecht upgrades to Buy from Hold based on expectations for strong sales growth for Angiomax in Q4 and Q1 driven by increased unit demand and a 9% price increase in June; firm says new manufacturing efficiencies should boost profitability over the same period, making the upcoming qtr the first qtr of sustained profitability, and firm believes that if the one-year data for Replace-2 at the AHA meeting in Nov replicates the trends observed at 30 days and six months, they would expect continued sales growth and stock appreciation towards their $32 target.
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