Monday, August 31, 2009

Ahead of the Bell: Trimeris

Analysts reduced profit estimates for biopharmaceutical company Trimeris Inc. Friday, pointing to decreasing sales of its HIV treatment Fuzeon.

Trimeris late Thursday reported its fourth-quarter profit fell short of Wall Street estimates due to weaker sales of Fuzeon in North America. Goldman Sachs analyst Meg Malloy cut her estimates and price target on the company, saying new competition will hurt Fuzeon sales.

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