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Enter Symbol:
 
Osi Pharmaceuticals Inc. (OSIP) [hlAlert]

Rating:
Hold OSIP
up 43.37 %

Osi Pharmaceuticals Inc. (OSIP) downgraded to Hold by Canaccord Adams

Posted on: Tuesday,  Mar 2, 2010  8:25 AM ET by Canaccord Adams

Canaccord Adams rated Hold Osi Pharmaceuticals Inc. (NASDAQ: OSIP) on 03/02/2010. Previously Canaccord Adams rated Buy Osi Pharmaceuticals Inc. (NASDAQ: OSIP) on
02/20/2009., when the stock price was $39.45. Since then, Osi Pharmaceuticals Inc. has gained 43.37% as of 03/02/2010's recent price of $56.56.
If you would have followed the previous Canaccord Adams's recommendation on OSIP, you would have gained 43.37% of your investment in 375 days.

OSI Pharmaceuticals, Inc. (OSI) is a biotechnology company primarily focused on the discovery, development and commercialization of molecular targeted therapies addressing unmet medical needs in oncology, diabetes and obesity. The Company's primary focus is oncology and its flagship product is Tarceva (erlotinib), a small molecule inhibitor of the epidermal growth factor receptor (EGFR). OSI also has research and development programs in diabetes and obesity, which are conducted through Prosidion Limited, the Company's United Kingdom subsidiary. Roche Holding Ltd. and OSI announced that Tarceva (erlotinib) has been approved in Japan for the treatment of patients with nonresectable, recurrent and advanced non-small cell lung cancer (NSCLC), which is aggravated following chemotherapy. In December 2008, the Company acquired from 7TM Pharma A/S, a number of early stage research assets and a G-Protein coupled receptor (GPCR), technology platform.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/2/2010 8:25 AM Hold
None
56.56
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD up  82.09 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2009 11:25 AM Buy
None
39.45 47.00

(*) Stock Price at the time of the recommendation.
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