Nabi withdraws forecast for 2007

Thu Nov 8, 2007 5:05pm EST
 
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Nov 8 (Reuters) - Nabi Biopharmaceuticals (NABI.O) said it is withdrawing its full year 2007 outlook, due to the sale of its biologics unit through which it expects to record a gain of $75 million.

In a conference call with analysts, the company said if the sale does not close prior to the year-end, it will reaffirm its previous outlook for the year. (Reporting by Varsha Tickoo in Bangalore; Editing by Anil D'Silva)

 

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