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

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From: Icebrg11/12/2007 11:30:19 AM
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Millennium Pharmaceuticals "outperform"

Monday, November 12, 2007 5:16:46 AM ET
Robert W. Baird

NEW YORK, November 12 (newratings.com) - Analyst Christopher J Raymond of Robert W Baird reiterates his "outperform" rating on Millennium Pharmaceuticals Inc (MLNM.NAS). The target price is set to $15.

In a research note published this morning, the analyst mentions that ASH abstracts indicate positive Velcade data-points in front-line multiple myeloma. There is increased confidence in ASH 2007 acting as a turning point for Velcade, improving its commercial prospects for several years, the analyst says.
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