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Published on 1/10/2006 in the Prospect News Biotech Daily.

SFBC maintained by Jefferies at hold

SFBC International Inc. was maintained by Jefferies & Co., Inc. analyst David Windley at a hold rating after the company's new chief executive announced changes that include relocating its headquarters to Princeton, N.J., from Miami, which reduces the "South Florida" factor, Jefferies said. The Miami facility was the subject of ethics criticisms that the company now is trying to overcome. Jefferies said it expects a name change, too, soon. Shares of the Princeton drug-development services company were down 89 cents, or 4.69%, at $18.10 on volume of 2,088,746 shares versus the three-month running average of 2,359,940 shares.


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