Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OSI Pharmaceuticals Inc. > News item |
Merrill reiterates OSI at buy
OSI Pharmaceuticals, Inc. was reiterated by Merrill Lynch analyst Eric Ende at a buy on news that the company is exiting the eye business. The company intends to continue supporting the Macugen brand while it seeks out-licensing, partnering or out-right sale of the franchise. Ende believes the move may be the first step toward a sale of the entire company, worth an estimated $47 per share. Shares of the Melville, N.Y.-based pharmaceutical company were up 31 cents, or 0.80%, at $39.10. (Nasdaq: OSIP)
© 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.