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Canaccord Genuity reiterates a 'Buy' on OraSure Technologies (OSUR); Remain Bullish After Meeting with Management

December 20, 2011 8:25 AM EST
Get Alerts OSUR Hot Sheet
Price: $3.74 --0%

Rating Summary:
    9 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 25
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Canaccord Genuity reiterates a 'Buy' on OraSure Technologies (NASDAQ: OSUR) price target of $14.00.

Canaccord analyst, Jeffrey Frelick, said, "OraQuick HCV pent up demand? With one-third of public health clinics ordering HCV testing today, we expect the OraQuick HCV test to be adopted for the same reasons rapid HIV testing is performed in public health clinics...Training program for Merck (NYSE: MRK) reps complete. OraSure has completed training on its OraQuick HCV test with over 200 Merck sales representatives. In addition, its physician office distributor partners have been trained and launched."

"Two down, one to go. The second HIV-OTC module was submitted to FDA in late November, while the third and final module is slated for year-end submission."

For an analyst ratings summary and ratings history on OraSure Technologies click here. For more ratings news on OraSure Technologies click here.

Shares of OraSure Technologies closed at $8.76 yesterday.


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