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Biotech / Medical : Biotech Valuation

CRSP 56.13

-0.7%

10:03 AM EST

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To: Biomaven who wrote (23252)	3/21/2007 8:33:30 PM
From: Ian@SI	Read Replies (1) of 52153

RBC seems to have a better impression of Dimebon than you... 09:42 am Medivation: RBC Capital Mkts initiates Outperform. Target $24. RBC initiates MDVN with an Outperform and $24 tgt. Firm says their positive MDVN thesis is based on what they believe is some of the most impressive placebo-controlled Phase II data in Alzheimer's disease and if replicated in a planned US Phase II trial, could lead to a major partnership, multi-billion dollar revenue opportunity, and significant upside to the stock. Even with only modest efficacy, they believe Dimebon could be a billion-dollar drug.

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