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 (1718)	11/7/2006 9:30:53 PM
From: Icebrg	Read Replies (1) of 1826

MGI Pharma downgraded to "hold" Tuesday, November 07, 2006 6:40:34 AM ET When2Trade Group NEW YORK, November 7 (newratings.com) - Analysts at Why2Trade Group downgrade MGI Pharma Inc (MOGN.NAS) from "strong buy" to "hold." In a research note dated November 5 and published this morning, the analysts mention that the downgrade in the rating is based on valuation. The analysts believe that MGI Pharma’s stock is fully valued at present, in view of the anticipated modest EPS growth in the forthcoming few years, slowdown in Aloxi sales, expected impact of competition on future sales of Dacogen and cost of recent acquisitions.

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