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 (1537)	11/6/2004 1:30:18 AM
From: Icebrg	Read Replies (1) of 1826

MGI Pharma initiated with "outperform" Friday, November 05, 2004 1:21:44 PM ET RBC Capital Markets NEW YORK, November 5 (newratings.com) - Analysts at RBC Capital Markets initiate coverage of MGI Pharma (XCYT.NAS) with an "outperform" rating. The target price is set to $35. In a research note published this morning, the analysts mention that the company’s growth is expected to be driven by the continued ramp-up of Aloxi’s sales and a robust product pipeline. MGI Pharma is expected to become profitable in 2005, the analysts add. Positive newsflow regarding the company’s various pivotal trials is likely in the near future, according to RBC Capital Markets.

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