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Published on 5/2/2006 in the Prospect News Biotech Daily.

Noven maintains hold rating from Jefferies

Noven Pharmaceuticals, Inc. was maintained by Jefferies & Co., Inc. analyst David Windley at hold with a $17.50 price target. Despite slightly better first-quarter results, Noven did not stir up excitement among investors. Jefferies wants more information around the late-stage pipeline. Shares of the Miami pharmaceutical company were up 6 cents, or 0.32%, at $18.55 on volume of 133,302 shares versus the three-month running average of 191,465 shares. (Nasdaq: NOVN)


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