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6 pts

Opinion on  Applera Corp. Celera Group (CRA)     Sector: Services  >  Industry: Business Services
Applera Corp. Celera Group

Jul 02, 2008 10:46 AM GMT
Foto
Return Risk
-24.55% HIGH
Principal

Analyst Recommendation  

Celera Group, a molecular diagnostics business, engages in the identification and validation of diagnostic markers using proprietary genomics and proteomics discovery platforms. The company, through its strategic alliance with Abbott Laboratories, discovers, develops, and commercializes in vitro diagnostic products for disease detection, prediction of disease predisposition, disease progression monitoring, and therapy selection. It manufactures five product groups, including ViroSeq HIV-1 Genotyping System, an aid to physicians in monitoring and treating HIV-1 infection; products that are used for the detection of mutations in the cystic fibrosis transmembrane conductance regulator gene, which cause cystic fibrosis; hepatitis C virus analyte specific reagents (ASRs); ASRs for the detection of mutations in the FMR-1 gene, which cause Fragile X Syndrome; and ASRs for the detection of mutations in genes known to be involved in deep vein thrombosis. In addition, Celera Group performs contract manufacturing and technology development services for appropriately licensed clinical laboratories for the development and manufacture of reagents for use by the clinical laboratories in the performance of clinical testing services. Further, it is conducting genomics research programs in various areas, including Alzheimer’s disease; autoimmune and inflammatory diseases; breast cancer; cardiovascular diseases; and liver diseases. Celera Group has collaborations with Abbott Laboratories; Genentech, Inc.; Medarex, Inc.; Seattle Genetics, Inc.; and General Electric Company, as well as research collaboration with Ipsen S.A. to develop biomarker and pharmacogenomic tests for growth failure patients. The company was founded in 1937. It was formerly known as Celera Genomics Group and changed its name to Celera Group in 2006. Celera Group is headquartered in Alameda, California. Celera Group is a part of Applera Corporation.

Analysts'
 Recommendation:
Buy  
    30 Days Ago: Buy  

  Analysts' Target: $38
 Analysts' Targets
 Roth Capital Partners $52 
    Buy
    Thursday, April 24, 2008

 JMP Securities LLC $23 
    Mkt Underperform
    Friday, January 25, 2008


CRA:  This call was made on 07/02/08 @ $11.48
Rating:   Positive   $11.48 (07/02/08)
Closed:   07/13/2008 @ $12.68 (+10.45% in 11 days)
Target:   $23.00 (+100.35%) in > one year
Allocation:   0.0% of portfolio


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