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MEDICAL
PacifiCare rises on '06 outlook
The Medicare HMO's shares rose 4% to 58.56 after it said higher U.S. gov't payments would boost its '06 revenue; it expects its Secure Horizons Medicare Advantage plans' rates to rise 6.5-7% as of '06. Views expect PacifiCare Health Systems' '06 revenue to be $16.3 bil. It will use the revenue to increase enrollment in its Medicare plans.
Biosite jumps on analyst report
The maker of antibody-based diagnostic tests should benefit from increased usage of BNP, a test that detects a key marker of congestive heart failure, said RBC Capital Markets. The broker upgraded Biosite to outperform vs. sector perform and set a price target of $70. ...