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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.48+1.4%Nov 14 4:00 PM EST

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To: Jibacoa who wrote (1174)7/1/2005 10:54:58 AM
From: Jibacoa  Read Replies (2) of 3722
 
HITK Is making another 52wks. H It is up more than 4% today.

bigcharts.marketwatch.com

In February it submitted an ANDA for its nasal steroid spray.If the application is approved it will probably be first to market .

"It's really a new generic product line for everyone, because no one's been granted generic approval for a steroidal nasal spray," said William Peters,HITK's CFO.

GSK had $1.06B in sales of Flonase last year.HITK's total revenue in 2004 was only around 56M. In the 3rd Q it reported 17% better revenues and 58% better earnings and the results for the 4th Q(April), which are due next month will probably show a good comparison since in 2004 earnings were 12% less than 1n 2003 in spite of slightly better revenues.

Bernard
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