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Credit Suisse 26/09/2011
Credit Suisse notes the Australian Pharmaceutical Benefits Advisory Committee will meet in November and a review of the Pharmaxis submission for using Bronchitol to treat Cystic Fibrosis is expected.
More important will be the European CHMP decision regarding the company's appeal of a negative vote for Bronchitol in Cystic Fibrosis, with the probability of this appeal difficult to predict in the broker's view. Neutral rating is retained.
Target price is $1.11
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