Skip to main content
Premium Trial:

Request an Annual Quote

Prudential Begins Genomics Coverage; Myriad Takes a Beating

NEW YORK, Feb. 21 - Prudential Securities on Thursday said that it has begun covering Celera Genomics, Human Genome Sciences, Millennium Pharmaceuticals, Myriad Genetics, and Tularik.

Analyst Christopher Raymond set the following price targets: Celera, $33; HGS, $28; Millennium, $38; Myriad, $25; and Tularik, $22, according to Reuters.


The analyst rated Myriad a 'sell,' Celera and Millennium a 'buy,' and HGS and Tularik a 'hold.' He said that Myriad presents "significant commercial, collaborative and commercial risk" in the near term, and that its genetic tests will fall flat among investors.

The market quickly responded: Myriad shares fell $3.84, or close to 10 percent, to $35.15 in mid-afternoon trading. Millennium inched up $.38 to $20.46, Celera jumped 60 cents to $21.34, Tularik dipped $.38 to $18.81, and HGS gained $.59 to sell at $24.62. All companies trade on the Nasdaq.

The Scan

Just Breathing

A new analysis suggests that most Mycobacterium tuberculosis is spread by aerosols from breathing, rather than by coughing, the New York Times reports.

Just Like This One

NPR reports that the World Health Organization has hired a South African biotech company to recreate mRNA vaccine for SARS-CoV-2 that is similar to the one developed by Moderna.

Slow Start

The Wall Street Journal reports that Biogen's Alzheimer's disease treatment had revenues for July through September that totaled $300,000.

Genome Research Papers on Cancer Chromatin, Splicing in the Thymus, Circular RNAs in Cancer

In Genome Research this week: analysis of bivalent chromatin sites, RBFOX splicing factors' role in thymic epithelial cells, and more.