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 (1594)	9/28/2005 2:46:48 PM
From: Icebrg	Read Replies (1) of 1826

MGI Pharma downgraded to "market perform" - update Wednesday, September 28, 2005 12:40:24 PM ET Piper Jaffray NEW YORK, September 28 (newratings.com) - Analysts at Piper Jaffray downgrade MGI Pharma Inc (MOGN.NAS) from "outperform" to "market perform," while reducing their estimates for the company. The target price has been reduced from $30 to $25. In a research note published this morning, the analysts mention that the FY05 sales estimate for Aloxi has been reduced from $260 million to $250 million. The analysts expect Dacogen to receive the FDA approval in 2Q06. The EPS estimates for 2005 and 2006 have been reduced from $0.27 to $0.20 and from $0.59 to $0.40, respectively.

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