CTEC: Cholestech any other investors? Message Board

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Biotech / Medical : CTEC: Cholestech any other investors?

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To: Lane3 who wrote (681)	8/18/1999 11:57:00 AM
From: mike boyajian	Read Replies (1) of 710

The problem is that CTEC needs a big brother like Parke-Davis to underwrite this whole new business model (at least for the pharmacists). Normal every day "Joes and Janes" are not going to pay to have their lipids checked. So either a big brother like Parke-Davis will have to hold their hands (customers, pharmacists, CTEC) or they have to solve the third party payer situation (insurance companies). The preferable solution at least in my mind is to have Parke-Davis step in and run the show with their deep pockets. Project IMPACT results (due out February 2000) will illustrate that Parke-Davis is losing $Millions in Lipitor revenue because some 60% of patients stop taking the medication after one year. In order to get patients to do the testing it must be offered free or at a very low price (cost absorbed by Parke-Davis). Mike

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