Good Afternoon Everyone,
Paradigm Capital (www.paradigmcap.com) has initiated coverage on Medicago with a BUY rating and a target of $1.50.
Highlights:
-Company has technology to produce flu vaccines 6x faster than traditional companies
-Commercial agreements already in place (France, Saudi Arabia, India)
-Vaccine industry to grow from US$3.5b in 2007 to more than US$10b by 2015.
MMN