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ZymoGenetics' orphan status a plus, Merrill says
ZymoGenetics Inc.'s announcement Wednesday that the U.S. Food and Drug Administration designated the company's melonoma treatment Interleukin-21 as an orphan drug is viewed by Merrill Lynch analyst Hari Sambasivam as favorable for the company. Merrill Lynch said the orphan drug designation provides seven years of exclusivity for the product, a positive move for the Seattle-based biopharmaceutical company. Shares were down $0.70, or 3.92%, at $17.16 on volume of 265,581 shares versus the three-month running average of 276,063 shares.
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