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

CIBC World Downgrades Inamed

CIBC World downgrades Inamed Corp. (IMDC).

Analyst John Calcagnini says downgrading to sector perform from sector outperform on FDA's decision to vote against silicone gel breast implant PMA (premarket approval), which he expects to constrain Inamed's near-term performance.

He notes Inamed has had tremendous run since August 2002, when it was $12 per share. Currently, Inamed is in process of being acquired by Medicis.

Calcagnini says the deal should create a floor under Inamed, as Medicis is paying $30 per share in cash, and Inamed holders will also get 1.42 Medicis shares per Inamed share held, which values Inamed at $70 based on Medicis closing price yesterday.

blog comments powered by Disqus