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Message: Griffin Securities - 15 Mar 2013 - $11.00 pps target

I'm sure you know this, but growth in earnings is factored into PE multiple. That is why it is 38 instead of 10 - 20 (PFE is 13). I agree that price target is conservative. MNKD will go higher than that based on filing alone (assuming top line data is in line).

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