Discovery Laboratories (DSCO +8%) climbs today after Stifel Nicolaus initiated coverage earlier with a Buy rating and a $5.00 price target. The firm says the drug developer has two FDA-approved products, Surfaxin and Afectair, both for respiratory distress syndrome, set to launch in Q4. Stifel believes these approvals, along with recent management changes, should help erase the stigma associated with the company's previous FDA rejections.
Discovery Laboratories (DSCO +8%) climbs today after Stifel Nicolaus initiated coverage earlier...
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