Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MGI Pharma Inc. > News item |
Merrill maintains MGI at buy
MGI Pharma Inc. was maintained by Merrill Lynch analyst Eric Ende at a buy rating after the company received an acceptance letter from the FDA for Dacogen for myelodysplastic syndrome, classifying the review class 2, implying a six-month review, which was expected. Investors have become concerned the FDA might not accept the filing because of a delay in response. The announcement should alleviate those fears, Merrill said. Dacogen and Aquavan, with phase 2 data expected for release in two weeks, should provide the next leg of growth. Shares of the Bloomington, Minn., biopharmaceutical company were down 32 cents, or 1.88%, at $16.68 on volume of 4,142,925 shares versus the three-month running average of 1,369,050 shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.