Tuesday, June 12, 2007

Neurochem (NRMX) Followup

The NRMX saga continues. Yesterday study data was presented by the company at a conference and they didn't quite know what to make of their own data: Neurochem Drugs Results Unclear, Researcher Says. That surely is a bad sign.

This morning Piper has reiterated its Underperform recommendation and lowered its target in NRMX to $4. The executive summary of Piper's report: Alzhemed is unlikely to be approved because it effect is small.

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