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 (1637)	12/27/2005 8:02:39 AM
From: Icebrg	Read Replies (1) of 1826

MGI Pharma "neutral" Tuesday, December 27, 2005 3:18:58 AM ET Robert W. Baird NEW YORK, December 27 (newratings.com) - Analysts at Robert W Baird reiterate their "neutral" rating on MGI Pharma Inc (MOGN.NAS). The target price is set to $20. In a research note published this morning, the analysts mention that although the company witnessed robust Aloxi sequential sales growth of 43% in November, the sales performance in October was extremely sluggish. According to the analysts, in order to meet the low end of MGI Pharma’s Aloxi sales guidance of $250 million-$260 million, Aloxi’s sales performance in December would have to be fairly strong.

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