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

PFE 24.31

-0.9%

Oct 29 3:59 PM EDT

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To: vestor who wrote (1696)	8/8/2001 8:05:30 PM
From: Sonki	Read Replies (2) of 1722

is there a basket or mutual fund for generics? update on pharmas.. Benefits to Statin Producers : --Intraday-- UBS Warburg comments on several pharmaceuticals after Bayer announces the withdrawal of its cholesterol lowering therapy Baycol from both U.S. and European markets due to reports of muscle tissue breakdown and weakness; Baycol would have generated $800 mln to $1 bln; brokerage estimates that based on current U.S. market share, 50% of this revenue ($500 mln) would go to Pfizer's (PFE) Lipitor, 20% ($200 mln) to Merck's (MRK) Zocor and 10% ($125 mln) to Bristol-Meyers Squib's (BMY) Pravachol; clearly upside to PFE and MRK and increases the chance they can beat estimates and may help BMY make their numbers; continues to rate PFE a STRONG BUY, MRK a BUY, and BMY a HOLD

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