Cougar Biotechnology (CGRB)

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Cowen initiates with outperform on Cougar -

>>> 09:32 am Cougar Biotechnology: Cowen & Co initiates Outperform. Cowen initiates CGRB with an Outperform saying the lead product CB7630 is supported by compelling Phase I and Phase II data and has the potential to be a blockbuster product in the large and dynamic prostate cancer market. The firm expects Phase III trials in chemotherapy-refractory patients to begin in H1:08. Additional product candidates CB3304 and CB1089 round out Cougar's pipeline. The firm believes CGRB shares will significantly outperform the market as investors gain greater comfort and appreciation for CB7630's $500 mln+ sales potential. <<<