US Strong Buy ratinghttps://biz.yahoo.com/bw/010511/2106.html
InvestPrivate Initiates a Strong Buy Rating on Biomira, Inc. (NASDAQ:
BIOM - news)
NEW YORK--(BUSINESS WIRE)--May 11, 2001-- InvestPrivate, Inc.
announced today that it has initiated a Strong Buy rating on Biomira,
Inc. (NASDAQ: BIOM - news) for speculative investors. The initial Buy
rating on March 28, 2001 at $6.18 anticipated a 12-18 month target
price of $25-$30. InvestPrivate is one of the first US brokerage firms
to initiate coverage on the stock.
InvestPrivate's research reports are available to members of
InvestPrivate or are for purchase at www.multex.com.
Biomira, Inc. (NASDAQ: BIOM - news) is a Canadian based Biotechnology
Company specializing in the development of innovative therapeutic
approaches to cancer management. Biomira recently announced that it
has entered into a global product development and co-promotion
collaboration with Merck KGaA. The total value of the agreement to
Biomira is more than US$150 million in license, milestone payments and
equity investments. The parties will share development costs in North
America, and Merck KGaA will be responsible for clinical studies and
marketing outside of North America.
About InvestPrivate, Inc.:
InvestPrivate was conceived with one mission in mind: to create wealth
for its clients. As a full service investment bank, InvestPrivate, Inc
isolates undervalued equities in both the public and private markets
with a particular emphasis on the biotechnology sector. InvestPrivate,
Inc. is headquartered at 500 Fifth Avenue, 54th Floor, New York, NY
10110. The Company's telephone and fax numbers are 212.739.7700 and
212.655.0140 respectively. Its website is www.investprivate.com.
Important Notes:
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements. This press release may contain
certain statements of a forward-looking nature relating to future
events or future business performance. Any such statements that refer
to the Company's estimated or anticipated future results or other
non-historical facts are forward-looking and reflect the Company's
current perspective of existing trends and information. These
statements involve risks and uncertainties that cannot be predicted or
quantified and, consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
The forward-looking statements speak only as of the date of this
release. The Company undertakes no obligation to update publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Copyright(c)1999 & 2001. InvestPrivate, Inc. Member NASD/SIPC/SIA.
This information is not intended for use without professional advice.