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Biotech / Medical : analysts and calls -- B of A

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From: sim1	11/2/2006 12:49:37 AM
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UPDATE 1-RESEARCH ALERT-BofA starts five biopharmaceutical cos Wed Nov 1, 2006 6:16pm ET Nov 1 (Reuters) - Banc of America Securities on Wedesday began coverage of five biopharmaceutical companies and said Myriad Genetics Inc. (MYGN.O: Quote, Profile, Research) and Nuvelo Inc. (NUVO.O: Quote, Profile, Research) were among its top picks. BofA also assumed coverage of Acorda Therapeutics Inc. (ACOR.O: Quote, Profile, Research) and Acadia Pharmaceuticals Inc. (ACAD.O: Quote, Profile, Research). Following are the ratings and price targets of these companies. Rating Price target Myriad Genetics Inc. Buy $40 Nuvelo Inc. Buy $26 Keryx Biopharmaceuticals Inc. Buy $26 Array BioPharma Inc. Buy $13 Dendreon Corp. Neutral $6 Acorda Therapeutics Inc. Buy $24 Acadia Pharmaceuticals Inc. Buy $14 (Reporting by Amitha Rajan in Bangalore) © Reuters 2006. All Rights Reserved.

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