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ARDEA BIOSCIENCES (RDEA) [hlAlert]

Rating:
Buy RDEA
up 41.66 %

ARDEA BIOSCIENCES (RDEA) rated Buy with price target $28 by Jefferies

Posted on: Thursday,  Apr 1, 2010  10:25 AM ET by Jefferies

Jefferies rated Buy ARDEA BIOSCIENCES (NASDAQ: RDEA) on 04/01/2010, when the stock price was $22.56. Since
then, ARDEA BIOSCIENCES has gained 41.67% as of 06/19/2012's recent price of $31.96.
If you would have followed this Jefferies's recommendation on RDEA, you would have gained 41.66% of your investment in 810 days.

Ardea Biosciences, Inc. is a biotechnology company focused on the discovery and development of small-molecule therapeutics for the treatment of human immunodeficiency virus (HIV), cancer and inflammatory diseases, including gout. The Company's portfolio of product candidates include RDEA806 and 2nd generation non-nucleoside reverse transcriptase inhibitor (NNRTI) for HIV indication; RDEA594 for gout; RDEA119 for cancer; RDEA119 for inflammation, and mitogen-activated ERK kinase (MEK) inhibitor for cancer/inflammation.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/1/2010 10:25 AM Buy
None
22.56 28.00
as of 12/31/2010
1 Week down  -0.80 %
1 Month up  16.01 %
3 Months up  12.13 %
1 YTD up  14.31 %

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