MGI Pharma MOGN New patents, anti cancer Message Board

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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

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To: Icebrg who wrote (1497)	5/21/2004 3:15:20 AM
From: Icebrg	Read Replies (2) of 1826

MGI Pharma "outperform" Thursday, May 20, 2004 10:14:26 AM ET Robert W. Baird NEW YORK, May 20 (New Ratings) - Analysts at Robert W Baird reiterate their "outperform" rating on MGI Pharma Inc (MOGN.NAS). The target price is set to $69. In a research note published this morning, the analysts mention that the company's product, Aloxi, is expected to witness robust sales momentum in the forthcoming quarters. A recent survey conducted by Cancer Consultants Inc on practicing community oncologists supports this stance, the analysts say. The analysts expect the company to turn profitable by mid 2004.

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