Millennium Pharmaceuticals, Inc. (MLNM) Message Board

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

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To: Icebrg who wrote (2113)	5/19/2004 10:44:25 AM
From: Icebrg	Read Replies (2) of 3044

Millennium Pharmaceuticals "neutral" Wednesday, May 19, 2004 5:30:33 AM ET Robert W. Baird NEW YORK, May 19 (New Ratings) – Analysts at Robert W Baird reiterate their "neutral" rating on Millennium Pharmaceuticals (MLNM.NAS). The target price is set to $17. Millennium Pharmaceuticals is a genomics driven healthcare company. According to Robert W Baird’s research note published yesterday, Millennium Pharmaceuticals has announced that the phase III confirmatory study or the Apex trial of Velcade has revealed a survival advantage in relapsed multiple myeloma patients. The positive results were excepted after the approval of Velcade last year, based on the data from the phase II study of the drug’s SUMMIT trial, the analysts mention. Millennium Pharmaceuticals is scheduled to provide the details of its Apex trial on June 6, at the ASCO meeting, according to Robert W Baird. The release of specific data on patients having only one prior treatment could result in the drug’s off-label use after the ASCO meeting, the analysts mention. The "neutral" rating reflects Millennium Pharmaceuticlas’ sluggish 1Q04 revenues and Velcade’s decelerated market momentum, the analysts add. The EPS estimates for 2004 and 2005 are -$0.50 and -$0.33, respectively. Robert W Baird reiterates its "neutral" rating on Millennium Pharmaceutical

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