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July 11, 2010

Don’t Push Big Pharma Off A Cliff Just Yet

Jeff Benjamin “There are some midtier biotech firms with terrific pipelines,” said Steven Roge, a portfolio manager with R.W. Roge & Co. Inc., which has $200 million under management. For example, he estimates Genzym’s fair-value price to be about $55, or about $5 above its current share price. “A larger company might pay $70 or...
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