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

Markets & Finance

First Albany Upgrades CV Therapeutics to Buy

First Albany upgraded CV Therapeutics (CVTX) to buy from neutral.

Analyst David Webber says the company's agreement with the FDA for the additional clinical development of Ranexa breaks a regulatory logjam and makes possible the re-establishment of a projected approval timeline. He notes, under a special agreement, CV will have to conduct just one additional trial to gain approval of Ranexa for chronic angina.

Based on a third-quarter 2004 study launch, Webber sees approval in the second half of 2006. He sees sales of $43 million in 2006, $106 million in 2007, $174 million in 2008, and $244 million in 2009.

Webber maintains the $4.41 2004 loss estimate, and narrowed the $4.33 2005 loss estimate to a $4.32 loss. He upped the $17 target to $20.

blog comments powered by Disqus