OraSure at sector perform by RBC

RBC Capital Markets rated OraSure Technologies, Inc. at sector perform, speculative risk, following the company's quarterly results. OraSure's revenue increased 0.8% to $17.6 million, above RBC's estimate of $16.4 million and Street consensus of $16.2 million. The launch of Freeze Off (Freeze Spray) is not progressing as planned, leading management to lower its second-half 2006 expectations for the product. Shares of the Bethlehem, Pa.-based medical device company were down $2.12, or 23.56%, at $6.88, on volume of 5,446,321 shares versus the three-month running average of 403,706 shares. (Nasdaq: OSUR)

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