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Biotech / Medical : dsco Discovery Laboratories

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To: Phil Cressman who started this subject12/22/2003 12:12:24 PM
From: John McCarthy   of 318
 
11:58AM Discovery Labs target raised to $20 at Brean Murray (DSCO) 9.35 +0.05:

Brean Murray reiterates their Strong Buy rating and raises their target to $20 from $12;

firm has reviewed dozens of papers and abstracts involving ARDS patients treated with surfactants over the past week, and have concluded that their initial skepticism of ARDS success may not be warranted, and that the available data are informative enough to allow DSCO to design a trial that is likely to succeed where others have failed;

firm thinks that the release of Phase IIb ARDS data is the next most significant catalyst for DSCO.

finance.yahoo.com

John McCarthy
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