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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.880-4.9%Jan 9 9:30 AM EST
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To: richardred who wrote (409)7/3/2004 11:55:11 AM
From: richardred  Read Replies (1) of 7256
 
LCI market cap is about 90 million more than BNT. BNT prospect are much improved with the generic approval of Lansoprazole. Roth capital just recently upgraded BNT.

2 week old PR SNIP-Bentley Pharmaceuticals Receives Approval to Market Generic Versions of the Gastrointestinal Product, Lansoprazole, in Spain
Monday June 21, 7:00 am ET
- Launch Planned for Second Half of 2004 -
Lansoprazole belongs to a class of gastrointestinal products used for treatment of various gastrointestinal disorders. The product is marketed by TAP Pharmaceutical Products, Inc. in the United States under the trade name Prevacid®. According to IMS data, the market size of this class of gastrointestinal products in Spain is approximately $415 million and growing at an annual rate of 7%. In the Spanish market, lansoprazole accounts for approximately $87 million and has grown 20% over the past twelve months.

James R. Murphy, Bentley's President and CEO, commented, "This is one of the most significant product approvals that we and our licensees have received over the past four years and will be complementary to our gastrointestinal product line, which already includes a generic version of omeprazole (equivalent to Prilosec®). We expect lansoprazole to quickly emerge as one of our strongest selling products and we plan to launch it during the second half of 2004."
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