Sequenom reinitiated with "neutral"

09/11/09 - Global Hunter Securities

NEW YORK, September 11 (newratings.com) - Analysts at Global Hunter Securities reinitiate coverage of Sequenom, Inc (SQNM) with a "neutral" rating.

In a research note published this morning, the analysts mention that the company is still trying to regain momentum after it announced earlier this year that its previous strong prenatal data related to the detection of Down Syndrome was not reliable. Sequenom is conducting an internal investigation into the issue and is unlikely to witness any catalyst in the near future, the analysts add.