Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Genentech Inc. > News item |
Merrill maintains Genentech at buy
Genentech Inc. was maintained by Merrill Lynch analyst Eric Ende at a buy rating after the company submitted a BLA for Lucentis to treat wet age-related macular degeneration. Merrill said it expects approval possible in late June if priority review is granted. Peak sales are estimated at $761 million in 2010. On Dec. 30, shares of the South San Francisco, Calif., biotechnology company were up 44 cents, or 0.48%, at $92.50 on volume of 2,357,900 shares versus the three-month running average of 3,504,990 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.