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Biotech / Medical : Biotech Valuation

CRSP 55.11

-2.6%

Nov 7 9:30 AM EST

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To: Biomaven who wrote (13218)	9/30/2004 10:48:21 AM
From: NeuroInvestment	Read Replies (1) of 52153

<<I'm pretty impressed by MRK's actions here - not many companies would have done what they are doing. It's a devastating blow to them, and it's going to hurt all the pharmas - going to make people look skeptically at all the cox-2 drugs.>> Peter: Frankly, what choice did they have? They are already likely to face the kind of litigation feeding frenzy that we saw with Redux/AHP--actually far larger, since they have sold so much more of it to so many--and they can be accused of ignoring warnings for quite a while already. If they had ignored this data and continued selling Vioxx? It would have been corporate suicide. Harry NeuroInvestment

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