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

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

PFE 25.80

+0.1%

1:00 PM EST

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To: Stephen who wrote (7838)	6/9/1999 4:34:00 PM
From: Anthony Wong	Read Replies (3) of 9523

Analysts comments from the latest Bloomberg update (Stephen, the impact on earnings according to Tighe is 2 cents for 1999): Problems with Trovan have dimmed high hopes for the drug. Sales of the drug, once expected to reach as much as $1 billion a year, now could peak at around $300 million, said independent analyst Hemant Shah. ''This is a highly competitive market, and one can replace Trovan with something else relatively easily,'' he said. ''There are so many antibiotics that can do what Trovan does.'' Merrill Lynch & Co. analyst Steven Tighe said he was dropping his estimate for 1999 sales of the drug to $140 million from $300 million and cutting his earnings estimate for all of 1999 to $2.47 a share from $2.49.

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