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Published on 5/17/2006 in the Prospect News Biotech Daily.

Accentia at buy by Jefferies

Accentia Biopharmaceuticals Inc. was reiterated at buy and given a $9 price target by Jefferies & Co., Inc. analyst Adam Walsh based on the company's pipeline progress. Jefferies believes SinuNase and BiovaxID are late-stage products addressing underserved markets overlooked by the Street. The company's GAAP loss per share of $0.35 was one cent lower than Jefferies' estimate. Shares of the Tampa, Fla., biopharmaceutical company were up $0.02, or 0.35%, at $5.69 on volume of 66,158 shares versus the three-month running average of 26,229 shares. (Nasdaq: ABPI)


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