Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

RBC Capital Ups Cubist Pharmaceuticals


RBC Capital raised its investment opinion on Cubist Pharmaceuticals (CBST) to outperform from sector perform.

Analyst Jason Kantor cited increased confidence in near-term monetization of positive clinical data, after earlier than expected regulatory filing, and the potential delay of competitors' entry into the market. Kantor expects the announcement in November of priority review for Cubicin for endocarditis. He expects Pfizer/Vicuron to get Food and Drug Administration approval on Sept. 21 for Dalbavancin, a competitor to Cubicin in skin infections. He says there's no news of approval on the Food and Drug Administration website and no word from Pfizer (PFE). He upped his 31 cents 2006 earnings per share estimate to 35 cents, and his 64 cents 2007 estimate to 82 cents.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus