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JMP puts MGI at market perform
MGI Pharma, Inc. was rated at market perform by JMP Securities analyst Charles C. Duncan. The company's fourth-quarter 2005 financial results were mixed. JMP maintains its 2006 Aloxi sales estimates of $284 million, on the low end of company guidance. The analyst is skeptical of outer year growth in Aloxi sales and of the planned second-quarter launch of Dacogen. Shares of the Bloomington, Minn., biopharmaceutical company were up 80 cents, or 4.68%, at $17.90 on volume of 2,661,644 shares versus the three-month running average of 1,442,480 shares. (Nasdaq: MOGN)
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