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

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To: Icebrg who wrote (2114)6/7/2004 4:47:50 PM
From: Icebrg  Read Replies (1) of 3044
 
Millennium Pharmaceuticals "neutral"

Monday, June 07, 2004 11:20:13 AM ET
Robert W. Baird

NEW YORK, June 7 (New Ratings) — Analysts at Robert W Baird maintain their "neutral" rating on Millennium Pharmaceuticals, Inc (MLNM.NAS). The target price is set to $17.

In a research note published this morning, the analysts mention that Millennium Pharmaceuticals’ Velcade product has exhibited promising survival and response rate data in the treatment of early-stage multiple myeloma and non-small cell lung cancer. Robert W Baird expresses its concern, however, regarding the disappointing results of Velcade mono-therapy in metastatic breast cancer and colorectal cancer.
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