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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)

PFE 26.44

+1.3%

Jan 30 9:30 AM EST

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To: Wizzer who wrote (260)	6/9/1998 7:28:00 PM
From: Anthony Wong	of 1722

Pfizer Shrs Rise Amid Talk Of Deaths Of Viagra Takers June 09, 1998 4:00 PM NEW YORK (Dow Jones)--Investors continued to bid up shares of Pfizer Inc. (PFE), undeterred by reports of more deaths of men taking Viagra. The Food and Drug Administration now says that 16 men have died while taking the impotence pill, but that none of those deaths has been linked to the blockbuster drug. The FDA first reported last month that it was investigating the deaths of six men who reportedly were taking Viagra. About 1.7 million prescriptions have been written since the FDA cleared the drug March 27. Shares of Pfizer rose 4 1/16, or 3.7%, to 112 1/2 Tuesday on composite volume of 6 million, compared with average daily volume of 5.4 million. Analysts said investors have no reason to be concerened. The FDA continues to say it believes Viagra is safe and effective for the patient population for which it is intended. And Pfizer continues to do a good job warning against mixing Viagra with nitrates, a common class of heart medication, said Steve Lisi, an analyst with Mehta Partners. Indeed, since Viagra hit pharmacy shelves in April, sales have totaled more than $130 million, according to Scott Levin, a health care marketing company. People with erectile dysfunction also frequently suffer from other serious underlying health conditions, such as diabetes or cardiovascular disease. Diabetes, prostate cancer and other conditions can lead to impotence. -By Jennifer Fron Mauer; 201-938-5287; jennifer-fron.mauer@cor.dowjones.com

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