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Pozen kept at outperform by RBC
RBC Capital Markets analyst Ken Trbovich reiterated Pozen Inc. at outperform, speculative risk, and a $15 price target on the likelihood of Trexima gaining approval based upon evidence that naproxen does not carry added cardiovascular risk. Concerns about the cardiovascular risk of Vioxx cast a pall across the entire class of non-steroidal anti-inflammatory drugs (Nsaids), according to the analyst. The head of the American College of Cardiology sees naproxen as the safest choice for pain relief among the Nsaid drug class. Shares of the Chapel Hill, N.C.-based development-stage company were up 41 cents, or 3.44%, at $12.33. (Nasdaq: POZN)
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