SOURCE: Leerink Swann & Company

June 03, 2005 08:15 ET

Leerink Swann & Company Initiates Coverage of Fisher Scientific International Inc. (NYSE: FSH)

BOSTON, MA -- (MARKET WIRE) -- June 3, 2005 -- This morning, Senior Biotechnology and Life Sciences Analyst John Sullivan initiated coverage of Fisher Scientific International Inc. (NYSE: FSH) with an Outperform rating. Mr. Sullivan's investment thesis is based on Fisher Scientific's record of internal and acquired growth, the expansion of its strong franchise in life science consumables, and its strategy of adding higher margin products to its mix. Moreover, he believes Fisher Scientific currently is valued at an unwarranted discount to similar consumable life sciences product companies.

About Fisher Scientific International Inc.

Fisher Scientific International Inc. (NYSE: FSH) is a leading provider of products and services to the scientific community. Fisher Scientific provides more than 600,000 products and services, ranging from biochemicals, cell-culture media and proprietary RNAi technology to rapid diagnostic tests, safety products and other consumables, to the global scientific community. The company is headquartered in Hampton, New Hampshire.

About Leerink Swann & Company

Leerink Swann & Company is an investment banking firm that provides healthcare equity research, corporate finance, and asset management services for institutional and high-net-worth clients. Leerink Swann & Company was voted the Best Firm in Biotechnology, Medical Supplies and Devices, Pharmaceuticals/Major and Pharmaceuticals/Specialty in the December 2004 Institutional Investor poll ranking the best boutique and regional firms by sector. Through its consulting affiliate, MEDACorp, Leerink Swann & Company provides biomedical-consulting services to Life Sciences companies and to the institutional investment community. MEDACorp includes thousands of biomedical professionals and practicing physicians. Leerink Swann & Company is a member NASD/SIPC.

Contact Information

  • Contact:
    John I. Fitzgerald
    Leerink Swann & Company
    (617) 918-4564
    www.leerink.com