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Merrill stays neutral on Angiotech
Angiotech Pharmaceuticals Inc. retained its neutral rating by Merrill Lynch analyst Hari Sambasivam. A news release from Biosensors International said that Angiotech was not successful in obtaining an injunction in the court proceedings in the Netherlands. The press release by Biosensors also claimed that the Dutch court had ruled that Biosensors had not infringed on Angiotech's patents. Shares of the Vancouver, B.C., pharmaceutical company were down 30 cents, or 2.07%, at $14.20 on volume of 125,405 shares versus the three-month running average of 187,105 shares. (Toronto: ANP)
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