US Investment Bank ThinkEquity Partners LLC has initiated coverage on pSivida rating it an 'Accumulate' with a 12 month price target of US Dollars $9.00 per ADR.
A copy of ThinkEquity's initiating research is attached.
ThinkEquity Partners LLC
ThinkEquity is a full service investment bank exclusively focused on the high growth sectors of the economy such as healthcare, technology, media/education and business/consumer services. The firm specialises in identifying, analysing and understanding the technological, macroeconomic and cultural trends that impact key growth verticals, providing targeted research and investment banking services for institutional investors and corporate clients.
ThinkEquity is a member of NASD and SPIC with over 150 professionals and staff, including 25 Senior Research Analysts, in 5 offices located in the major financial centres of the United States. Its research team covers more than 210 stocks with an average market capitalisation of US$5.1 billion and are projecting to have 300 companies under coverage by the end of 2005.
For more information visit www.thinkequity.com
Josh Mann, CFA
Investor Relations
pSivida Limited
w: http://www.psivida.com
e: [email protected]
t: +61 8 9226 5099
f: +61 8 9226 5499
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