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Bear Stearns maintains MedImmune at outperform
MedImmune Inc. was kept at its outperform rating by Bear Stearns analyst Mark Schoenebaum on an expected 12% benefit on Synagis sales from pricing, more if population growth is factored in. While the company launched he liquid version of Synagis earlier this year, it did not take a price increase. Instead, MedImmune raised the price of Synagis 9.7%, according to the analyst. Shares of the Gaithersburg, Md.-based biotechnology company were up 10 cents, or 0.39%, at $25.48, on volume of 2,104,102 shares versus the three-month running average of 2,984,630 shares. (Nasdaq: MEDI)
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