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Biotech / Medical : Biotech Valuation
CRSP 56.38-9.0%Nov 4 3:59 PM EST

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To: Biomaven who wrote (10467)2/17/2004 8:21:48 PM
From: IRWIN JAMES FRANKEL  Read Replies (2) of 52153
 
Peter,

I'll see your $6B and raise you $6B.

Lipitor sales in the US are about $7B (last I heard).

Generic Mevacor (lovastatin) could replace Lipitor and save $6B. Even better, Mevacor has superior outcomes data though Lipitor has a greater influence on the surrogate marker LDL. There are even cheap versions of Mevacor that are extended release Alticor (ADRX) and a version of Mevacor that includes an extended release niacin Advicor (KOSP). Either of these could replace Lipitor AND offer superior outcomes for the patients while cutting health care costs.

Saving billions in health care costs will present some side effects: Congress will spend the savings and more on important government programs for us; the corporations deprived of the revenues can cut back on R&D and we will be spared future expensive drugs that might have been developed with the revenues. <g>

ij
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