To: LzzrdKing who wrote (7082 ) 8/7/1999 9:53:00 PM From: LzzrdKing Respond to of 7396
Another I like is UTHR. Great chart here is some first call from alex brown HIGHLIGHTS: -- We are initiating research coverage of United Therapeutics with a STRONG BUY investment rating on the shares and a 12-month price target of $33. With two potential breakthrough products rapidly advancing through Phase III trials, United Therapeutics is poised to become a highly profitable pharmaceutical company with exceptional earnings growth prospects within two years, in our view. -- The Company's two lead products, UT-15 and beraprost, could generate combined annual sales of $500+ million, we estimate. UT-15 is poised to become the first safe, effective and minimally invasive treatment for advanced pulmonary hypertension, while beraprost represents a major advance in the treatment of peripheral vascular disease. -- Development and commercial risk associated with both products appears low, in our opinion. Both UT-15 and beraprost are supported by strong clinical data. Our confidence in UT-15's prospects is further bolstered by the extremely high level of enthusiasm voiced by approximately one dozen clinical experts with whom we have consulted. With respect to beraprost, this product already has achieved annual sales in excess of $200 million in Japan and is likely to soon be approved in Europe based on an already completed Phase III trial. -- Importantly, United Therapeutics has retained the lion's share of commercial rights to both of its lead products. Hence, we believe that the Company's earnings leverage could be very substantial. We are projecting fully taxed EPS of $0.43 in 2001, $1.71 in 2002, and $3.53 in 2003.