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Merrill maintains Keryx at buy
Keryx Biopharmaceuticals Inc. was maintained at a buy rating by Merrill Lynch analyst Thomas McGahren. The company reported a fourth-quarter 2005 loss per share of $0.24, wider than Merrill's estimate of loss per share of $0.20. The analyst widened his estimated loss per share in 2006 to $1.03 from $0.82. Keryx is one of Merrill's top small cap biotech picks for 2006. Shares of the New York City pharmaceutical company were down 14 cents, or 0.80%, at $17.46 on volume of 482,396 shares versus the three-month running average of 372,877 shares. (Nasdaq: KERX)
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