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Published on 5/23/2006 in the Prospect News Biotech Daily.

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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