PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.78

+1.7%

3:59 PM EST

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To: BigKNY3 who wrote (2554)	5/18/1998 12:24:00 PM
From: Anthony Wong	of 9523

Egypt Confiscates Illegal Imports Of Pfizer's Impotence Pill May 18, 1998 5:43 AM CAIRO (AP)--Egyptian police and health ministry officials are raiding drug stores to confiscate illegally imported bottles of the impotence drug Viagra, an official said Monday. Egypt has imposed a ban on the drug and has ordered clinical tests, said Gamila Moussa, the deputy health minister. She said Pfizer, the U.S.-based manufacturer of Viagra, has applied for ministry approval to sell the drug in Egypt, a process which could take some time. "The drug is illegal and we want to test and try it before we allow it in our market," she told The Associated Press. Health inspectors and police have been raiding pharmacies and confiscating the drug, which has been smuggled into Egypt and is sold on the streets and in clinics for 60 Egyptian pounds ($17.50) per pill. The drug costs $10 per pill in the U.S. The state-owned Al-Akbar newspaper said legal action is being taken against pharmacies selling Viagra. It did not disclose the measures.

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