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UCB rated at buy by Merrill
Merrill Lynch analyst Erica Whittaker rated UCB at buy on news that the company revealed stronger Cimzia Precise 1 data. At 26 weeks, Cimzia, for the treatment of Crohn's disease, achieved a statistically significant benefit over a placebo in maintenance of remission, making its efficacy comparable to its competitors. Merrill believes Cimzia remains at a disadvantage to Remicade and Humira in terms of clinical experience and marketing. Shares of the Brussels, Belgium, biopharmaceutical company were up €0.97, or 2.51%, at €39.59 on volume of 508,699 shares versus the three-month running average of 411,701 shares. (Brussels: UCB.BR)
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