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 (1498)	6/11/2004 3:54:14 PM
From: Icebrg	Read Replies (1) of 1826

MGI Pharma "outperform" Friday, June 11, 2004 7:12:27 AM ET Robert W. Baird NEW YORK, June 11 (New Ratings) - Analysts at Robert W Baird maintain their "outperform" rating on MGI Pharma (MOGN.NAS). The target price is set to $35. [Outperform going from 32 to 35? I suppose he sees the rest of the biotech sector in a free fall for the rest of the year]. In a research note published yesterday, the analysts mention that the company's share price depreciated by 7% yesterday due to the misinterpretation of an article published in the New England Journal of Medicine (NEJM). The article details the use of anti-emetics for the treatment of Post-Operative Nausea and Vomittng (PONV), the analysts say. The analysts mention, however, that the company's PONV-related products are not factored in the estimates and that the current weakness in MGI Pharma’s share price provides an attractive buying opportunity.

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