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Nomura Securities Starts Gilead Sciences (GILD) at Buy; Top Biotech Stock Pick for 2014

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Nomura Securities Starts Amgen (AMGN) at Neutral, $131 PT

January 8, 2014 8:00 AM EST

Nomura Securities initiates coverage on Amgen (NASDAQ: AMGN) with a Neutral. PT $131.00.

Analyst Ian Somaiya comments: "Amgen's is the world's largest biotechnology company by revenue, with 2013E sales of $18.4bn spread across three main areas of focus: chronic kidney disease (CKD),... More

Nomura Securities Starts BioMarin Pharmaceutical Inc. (BMRN) at Neutral, $75 PT

January 8, 2014 7:56 AM EST

Nomura Securities initiates coverage on BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) with a Neutral. PT $75.00.

"BioMarin's diversified product portfoliowith four marketed drugs, an advanced pipeline with three drugs in Phase III trials and a focus on high margin ultra orphan diseasessupports our... More