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Amgen at neutral by Merrill
Amgen Inc. was given a neutral rating by Merrill Lynch analyst Eric Ende on mixed results from the CERA hearing. While the case was not dismissed, it could be stayed after a hearing on Roche's motion to dismiss. The litigation could remain an overhang throughout 2006 and possibly into 2007. Shares of the Thousand Oaks, Calif., biotechnology company were down $0.26 or 0.38%, at $67.28 on volume of 7,578,898 shares versus the three-month running average of 10,187,600 shares. (Nasdaq: AMGN)
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