Boenning & Scattergood Announces Investment Opinion on CuraGen Corp.WEST CONSHOHOCKEN, Pa. -- Boenning & Scattergood initiates coverage of CuraGen Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CRGN) with a Market Outperform market outperform An analyst recommendation that a stock is expected to outperform the overall market. rating and a 12-month price target of $6.30. CRGN has two lead investigational compounds, Velafermin[TM] (oral mucositis) and PXD PXD Powder X-ray Diffraction PXD Post Exercise Discussion PXD Physical Device Driver PXD Pixel Data 101 (hematological hematological, hematologic pertaining to or emanating from blood cells. hematological tests total and differential white cell counts, hematocrit estimation, erythrocyte count. cancers and solid tumors), in advanced phase II trials. * We anticipate 2007 to be a pivotal year for the company's clinical pipeline with potentially pivotal data from Velafermin[TM]. * Through the company's 66% ownership of 454 Life Sciences, which develops and markets cutting edge genome sequencing technologies, there exists potential for significant near term cash flow. About Boenning & Scattergood: Founded in 1914, Boenning & Scattergood, Inc. is the oldest independently owned investment securities firm in the Philadelphia region. The firm offers a full compliment of investment services to institutional, retail and corporate clients, including research, sales, trading, investment banking and public finance. For more information, please visit www.boenninginc.com. This release is neither an offer to sell nor a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy any securities mentioned herein. Please refer to the full report, which is available upon request, for additional details and disclosures. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion