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Adams Respiratory still neutral, Merrill says
Adams Respiratory Therapeutics Inc. was maintained by Merrill Lynch analyst Gregg Gilbert at a neutral rating as sales data show the cough/cold season may have started earlier than last year's season. The company's Mucinex products are highly dependent on the timing of onset, strength and duration of the cough/cold season, Merrill said. Further data should indicate whether the recent rise in doctor's office visits for flu is just a blip or the beginning of a trend. Shares of the Chester, N.J., specialty pharmaceutical company were down $1.29, or 3.17%, at $39.37 on volume of 806,430 shares versus the three-month running average of 274,136 shares.
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