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Alkermes kept at buy at Merrill
Alkermes Inc. was maintained at buy and its 12-month price objective kept unchanged at $19.00 by Merrill Lynch analyst Hari Sambasivam on news of the company's deal with Cephalon. Merrill also revised its fiscal 2006 and 2007 loss-per-share estimates to $0.31 and $0.08 from $0.71 and $0.18, respectively to reflect Alkermes' partnership with Vivitrex. Alkermes shares closed Thursday down $0.07, or 0.45%, at $15.40 on volume of 551,134 shares compared to a three-month trailing average of 1,029,020 shares.
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