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Oscient reiterated by JMP at strong buy
Oscient Pharmaceuticals Inc. was reiterated by JMP Securities analyst Adam Cutler at a strong buy rating with a price target on the stock of $6 per share. JMP believes the combination of Factive sales, Testim revenue and a future co-promotion partnership for Factive should draw investor attention and drive appreciation in Oscient shares throughout 2005. Oscient shares Tuesday climbed $0.11, or 4.06%, to close at $2.69 on volume of 256,604 shares versus the three-month running average of 633,548 shares.
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