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Biotech / Medical : Neurocrine Biosciences (NBIX) -- Ignore unavailable to you. Want to Upgrade?


To: Icebrg who wrote (1234)6/29/2004 11:18:46 AM
From: Icebrg  Read Replies (1) | Respond to of 1834
 
Neurocrine Biosciences initiated with "hold"

Tuesday, June 29, 2004 9:24:06 AM ET
Wells Fargo Securities

NEW YORK, June 29 (New Ratings) - Analyst Eun Yang of Wells Fargo Securities initiates coverage of Neurocrine Biosciences (NBIX.NAS) with a "hold" rating.

In a research note published this morning, the analyst mentions that the company's product, Indiplon, is in Phase III trials and is expected to be launched in early-2006. Neurocrine Biosciences is likely to gain substantial share in the insomnia market in the long term, given its marketing collaboration with Pfizer, the analyst says. The company's stock, however, lacks near-term catalysts, according to Wells Fargo Securities.