Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Oscient Pharmaceuticals Corp. > News item |
JMP reiterated Oscient at strong buy
Oscient Pharmaceuticals Corp. was reiterated at strong buy by JMP Securities analyst Adam Cutler after the company terminated its Testim co-promotion agreement with Auxilium to focus attention on its newly acquired Antara and Factive, especially as the respiratory season approaches. Oscient will receive a $1.8 million payment from Auxilium in addition to its share of Testim profits through August 31. JMP removed Testim revenue from its model starting in the fourth quarter. Shares of the Waltham, Mass., biopharmaceutical company were down 2 cents, or 1.67%, at $1.18 on volume of 1,173,004 shares versus the three-month running average of 568,732 shares. (Nasdaq: OSCI)
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.