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Biotech / Medical : Biotech Valuation
CRSP 51.59-1.1%Dec 2 3:59 PM EST

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To: keokalani'nui who wrote (3012)2/27/2001 10:44:51 PM
From: Biomaven  Read Replies (1) of 52153
 
Actually AZN does have a very nice pipe. Here's a description (not sure what the date of this is):

astrazeneca.com

Of course they have a mighty big ($4 billion?) hole to fill when omeprazole (Prilosec) loses patent protection next year in the US, with another few billion to go when it loses patent protection worldwide. They just got FDA approval last week for Nexium, their chiral switch. It's probably marginally better than Prilosec, although I haven't seen the label yet. (My view is that most of the reason it did somewhat better than Prilosec in their studies is that they tested against 20mg/day Prilosec instead of 40mg/day).

Bottom line is that next couple of years will be pretty marginal growth-wise, but things should pick up later.

Peter
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