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Biotech / Medical : Sepracor-Looks very promising

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To: quidditch who wrote (7585)6/14/2004 2:58:11 PM
From: tuck  Read Replies (1) of 10280
 
From Forbes:

>>06.14.04, 11:32 AM ET

Morgan Stanley raised estimates on Sepracor (nasdaq: SEPR - news - people ), citing an anticipated January 2005 launch of Estorra, an insomnia treatment. The specialty pharmaceuticals company presented a number of Estorra studies at an Associated Professional Sleep Societies meeting last week. Morgan Stanley said its observations from physician interviews at the conference were that: physicians are looking forward to the Estorra launch; the National Institutes of Health Consensus Committee should focus on potentially removing transient use restriction for insomnia medications at next year's meeting; doctors are still hesitant to prescribe insomnia medications for long-term use; there is a high co-morbidity between insomnia and other disorders such as depression; and insomnia continues to be an under-recognized/under-treated disorder. Morgan Stanley narrowed the 2004 outlook to a loss of $2.34 per share from $2.68, and raised the 2005 estimate to earnings of 5 cents from a loss of 22 cents. "We believe a Type II review of the Estorra NDA and a January 2005 product launch is the most likely scenario," the research firm said. Morgan Stanley rates Sepracor at "equal-weight" with a $50 price target. <<

Cheers, Tuck
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