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12:00 AM
Jul 13, 2009
 |  BioCentury  |  Analyst Picks & Changes

Analyst picks & changes

Analyst picks & changes

Company Bank Analyst Coverage Opinion Wk chg 7/10 cls
Amgen Inc. (NASDAQ:AMGN) Baird Christopher Raymond Price target Market outperform 12% $57.81
Jefferies Eun Yang Price target Buy
UBS Maged Shenouda Price target Neutral
Raymond raised his target to $65 from $60 after Amgen reported that denosumab was superior to Zometa zoledronic acid on the primary endpoint of time to the first on-study skeletal related event in a Phase III trial to prevent SREs associated with breast cancer. The human mAb targeting receptor activator of NF-kappa B ligand (RANKL) was also superior to Zometa on the secondary endpoint of time to the first and subsequent on-study SREs. Novartis AG (NYSE:NVS; SIX:NOVN) markets Zometa (see "Denosumab Dreams," A15).

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