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JMP reiterates Oscient market outperform rating
Oscient Pharmaceuticals Corp. was reiterated by JMP Securities analyst Adam Cutler at a market outperform rating with a $3 price target. Factive prescriptions for the week ended Oct. 21 were 4,419, representing 0.70% of weekly prescriptions for the quinolone class of antibiotics. This compares to 4,084 total prescriptions the previous week. Prescriptions for the testosterone gel also were up slightly from the previous week. Shares of the Waltham, Mass.-based pharmaceutical company were unchanged at $1.75 on volume of 285,061 shares versus the three-month running average of 713,511 shares.
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