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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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From: Ian@SI6/14/2006 3:28:42 PM
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Lehman Ups Millennium Pharma To Overweight >MLNM

DOW JONES NEWSWIRES
June 14, 2006 6:31 a.m.

Lehman Brothers upgraded Millennium Pharmaceuticals Inc. (MLNM) to overweight from equal weight because the drug concern is going through a strategic turn-around.

Lehman highlighted Millennium's strengthening sales and discipline over expenses. The broker added Millennium has some promising pipeline products that it believes may have been overlooked by the market.
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