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Clinigen - Trial services to grow at 17% annual clip

December 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CLIN
  • Price:
  • 205p
Numis has just released a weighty 60-page note on Clinigen, initiating the shares with a Buy and 240p target. Not much new news apart from the expected rates of growth. The broker looks for 17% organic compound growth for Clinigen's two services businesses (Clinigen CTS and GAP) in the next three years (2012-2015) as the use of comparator drugs in clinical trials continues to grow. It adds that the logistical and control requirements for clinical trial supplies are already governed by a swathe of regulations; two new guidelines over the next five years will continue to polarise the work into the hands of the largest players.More and more clinical trials are also focused on diseases with high unmet medical need, such as cancer and ...

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