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To: 10K a day who wrote (245001)6/11/2003 9:00:45 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 436258
 
Merrill analyst sees more gains for biotech (BTK, GILD) By Ted Griffith
Biotechnology stocks are poised to build on this year's remarkable gains, according to analyst Eric Ende at Merrill Lynch. The Amex Biotechnology Index (BTK) has soared more than 57 percent from a March low, but Ende is confident there's potential for more upside. In a note to clients Wednesday, he cited anticipated product approvals and the flow of mutual fund money into the sector. He named Gilead Sciences as one of his top picks. Shares of Gilead (GILD) weren't trading in the pre-market. On Tuesday, shares closed up 88 cents to $50.58.