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Published on 7/20/2006 in the Prospect News Biotech Daily.

Merrill maintains MedImmune at neutral

MedImmune Inc. was kept at a neutral rating by Merrill Lynch analyst Eric Ende as the company reported better-than-expected earnings per share and weak U.S. Synagis sales of $33 million. Merrill estimated Synagis sales of $43 million, while consensus expected $50 million. The analyst expects Synagis sales to remain weak through 2007 as new, more stringent Synagis guidelines are implemented. Shares of the Gaithersburg, Md.-based biotechnology company were down 84 cents, or 3.19%, at $25.46 on volume of 3,056,603 shares versus the three-month running average of 3,279,460 shares. (Nasdaq: MEDI)


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