Leerink Swann Downgrades Cardiome Pharma (CRME) to Market Perform

March 20, 2012 6:50 AM EDT
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Price: $2.33 --0%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 4 | New: 9
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Leerink Swann downgraded Cardiome Pharma (NASDAQ: CRME) to Market Perform with a price target of $1 (down form $9).

The firm said probability of approval for oral vernakalant decreases to 0% from 50% previously after Merck's discontinuation.

For an analyst ratings summary and ratings history on Cardiome Pharma click here. For more ratings news on Cardiome Pharma click here.

Shares of Cardiome Pharma closed at $0.88 yesterday.


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