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Merrill maintains Human Genome at neutral
Human Genome Sciences, Inc. was maintained by Merrill Lynch analyst Hari Sambasivam at a neutral rating after the company said it is planning to advance Lymphostat-B to phase 3 trials this year. The primary indication will be lupus. Albuferon could enter phase 3 trials before the end of the year pending interim 12-week phase 2 data for Albuferon plus ribavirin in the first quarter of 2006 in therapy-naive patients. The company also said it received a $5 million milestone payment from GlaxoSmithKline for GSK716155 for type 2 diabetes. Shares of the Rockville, Md., biopharmaceutical company were down 12 cents, or 1.17%, at $10.15 on volume of 3,295,761 shares versus the three-month running average of 2,998,670 shares. (Nasdaq: HGSI)
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