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Biotech / Medical : momo-T/FIF

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To: quidditch who wrote (1666)1/21/2005 10:08:28 AM
From: scaram(o)uche  Read Replies (2) of 12215
 
from Looney Brothers....

09:48 ARIA Ariad Pharm highlighted as smallcap biotech pick; $17 tgt - Lehman (6.51 +0.16)

Lehman highlights ARIA with $17 tgt as one of the few co's in the oncology space to have made significant advances in clinical development since ASCO 2004 and should have significant data at ASCO 2005 to drive investor interest. With 2 phase II trials for mTOR inhibitor AP23573 enrolling rapidly in sarcoma and various hematologic malignancies, firm expects significant data flow from ARIA in 2005 both at ASCO in May and later in the year at EORTC and ASH. Providing upside beyond a trade into ASCO is the potential for favorable resolution to NFKB litigation with LLY over Xigris and Evista, as well as the potential for resurrection of the Src/Abl platform. In addition to ARIA, firm also expects TELK and OSIP to be included in a small ASCA basket.
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