Canaccord Genuity Reiterates a 'Buy' on OraSure Technologies (OSUR); HCV Update

September 20, 2011 8:49 AM EDT
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Price: $3.74 +1.08%

Rating Summary:
    9 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on OraSure Technologies (NASDAQ: OSUR) price target of $10.00.

Canaccord analyst, Jeffrey Frelick, says, "We reiterate our BUY on OSUR as we remain confident that the CLIA waiver submission for its HCV test is approvable...A CDC evaluation study of rapid anti--HCV tests demonstrated OraSure’s test benefits. The CDC compared rapid HCV tests from OraSure (FDA approved), Chembio and MedMira, determining that specificity was >99.5% for all three, sensitivity was highest for OraSure (98.5%), and the lowest false negative range was also OraSure (0.7% to 2.2%)."

For more ratings news on OraSure Technologies click here and for the rating history of OraSure Technologies click here.

Shares of OraSure Technologies closed at $7.87 yesterday.


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