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Oscient reiterated by JMP at market outperform
Oscient Pharmaceuticals Corp. was reiterated by JMP Securities analyst Adam Cutler at a market outperform rating after the company pre-announced fourth-quarter top-line results with revenue of $9.2 million, about $8 million of which was attributed to antibiotic Factive sales. The results exceeded JMP's $8.1 million revenue estimate and consensus of $8.3 million. Factive scripts have been strong and should continue to increase into the first quarter, JMP said. There are multiple catalysts for this stock in 2006, the analyst said. Shares of the Waltham, Mass., pharmaceutical company were up 7 cents, or 2.58%, at $2.78 on volume of 1,167,294 shares versus the three-month running average of 479,032 shares. (Nasdaq: OSCI)
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