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Exit Chiron

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Exit Chiron?
by: fvdeijck 05/10/05 04:00 pm
Msg: 13949 of 13950

Chiron's Flu Vaccine Could Be Crowded Out Of Market
05.10.05, 3:42 PM ET Source:
www.forbes.com/markets/2005/05/10/051...

Standard & Poor's Equity Research downgraded shares of Chiron to "strong sell" from "hold" and cut its target price to $29 from $43. The research firm is not confident of Chiron's projection that it may produce 25 million to 30 million Fluvirin vaccines for the 2005/2006 flu season. "We think Sanofi Pasteur's--the vaccine business of Sanofi Aventis (nyse: SNY - news - people )--Fluzone will be the vaccine of choice, with up to 60 million doses supplied. The Center for Disease Control estimates 70 million doses may be needed to cover priority groups, and GlaxoSmithKline may enter the market with 10 million doses. Thus, there may not be room for Chiron's 25 million to 30 million." Assuming a maximum of 20 million doses, the research outfit lowered its 2005 earnings-per-share estimate to $1.42 from $1.51.
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Wel een keihard oordeel van Standard &Poor

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