SunTrust Starts OPTR, ACAD, PCYC, TSRX, FURX, PYBI at Buy, ARQL at Neutral

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An analyst at SunTrust Robinson Humphrey initiated coverage on several Biotech stocks Friday morning:

• Optimer Pharma (Nasdaq: OPTR) with a Buy rating and a $20 price target
  
• ACADIA Pharma (Nasdaq: ACAD) with a Buy rating and a $6 price target
  
• Pharmacyclics (Nasdaq: PCYC) with a Buy rating and a $48 price target
  
• Trius Therapeutics (Nasdaq: TSRX) with a Buy rating and a $13 price target
  
• Furiex Pharma (Nasdaq: FURX) with a Buy rating and a $35 price target
  
• Puma Biotech (OTC: PYBI) with a Buy rating and a $19 price target
  
• ArQule (Nasdaq: ARQL) with a Neutral rating

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