May 26, 2009 / 8:16 AM / 11 years ago

STOCKS NEWS EUROPE-Lonza outperforms on contract win

Shares in Swiss drugs industry supplier Lonza LONN.VX gain 0.7 percent in a widely lower Swiss market .SSHI, outperforming a 0.3 percent fall in the DJ STOXX European healthcare index .SXDP after Lonza wins an important contract with a big pharma company to make a product based on its proprietary microreactor technology.

“The order win is the latest proof of Lonza’s excellent positioning,” say analysts Marco Schwender and Martin Koch at Swiss private bank Wegelin.

“Lonza has turned into a rock in choppy waters and temporary price weaknesses should be used to build positions.”

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