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Biotech / Medical : Cor Therapeutics Inc. (CORR)

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To: JW@KSC who wrote (191)4/2/1998 11:22:00 AM
From: Labrador  Read Replies (1) of 712
 
Thursday April 2, 10:53 am Eastern Time

RESEARCH ALERT - COR Therapeutics raised

NEW YORK, April 2 (Reuters) - CIBC Oppenheimer analyst Matt Geller said he upgraded COR Therapeutics Inc. to strong buy from hold.

-- set $30 year-end price target on the stock.

-- cited news the company received a letter from the U.S. Food and Drug Administration stating that its drug Integrelin is approvable for the treatment of patients with acute coronary syndromes and for use in angioplasty.

-- said Integrelin was the ''first real drug now for patients who come to the hospital with unstable angina.''
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