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 (1503)	6/17/2004 9:32:19 AM
From: Icebrg	Read Replies (1) of 1826

MGI Pharma "outperform," estimates raised Thursday, June 17, 2004 3:20:56 AM ET Robert W. Baird NEW YORK, June 17 (New Ratings) - Analysts at Robert W Baird reiterate their "outperform" rating on MGI Pharma Inc (MOGN.NAS), while raising their estimates for the company. The target price is set to $35. In a research note published yesterday, the analysts mention that the company has been witnessing robust end-use demand for Aloxi over the past couple of months. The analysts expect the FY04 sales of MGI Pharma's Aloxi to be at the upper-end of the guidance. The EPS estimate for 2004 has been raised from $0.21 to $0.26.

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