Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

First Albany Upgrades Trimeris to Buy

First Albany upgraded Trimeris (TRMS) to buy from neutral.

Analyst David Webber says he based his upgrade on signs of fundamental improvement. He says the $24 million in first-quarter worldwide sales of anti-AIDS drug Fuzeon beat his $21 million estimate. Webber says while problems that undercut Fuzeon's launch in 2003 (price, self-injection, injection-site reactions, and regimen) remain, it appears that the drug's ability to reduce the viral load in patients failing other antiretroviral therapy may be starting to pay off. He also notes Trimeris' diligent marketing efforts.

Webber upped the $110 million 2004 worldwide Fuzeon sales estimate to $121 million, and narrowed the $2.60 2004 loss estimate to a $2.13 loss. He thinks the stock may have reached bottom. He has an $18 target.

blog comments powered by Disqus