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Biotech / Medical : Sepracor-Looks very promising

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To: fred hayes who wrote (9869)12/4/2006 5:03:28 PM
From: Iamarangerboy  Read Replies (1) of 10280
 
Pfizer Seen Using Immediate, Long-Term Fixes For Drug Loss

Dec 4, 2006 15:51:00 (ET)

Pfizer Inc. (PFE), stung by the loss of a once promising heart-disease treatment, now must take both near-term and long-term steps to improve its financial prospects. ........ The Pfizer setback seemed to renew speculation the company was interested in acquiring Sepracor Inc. (SEPR), which sells the anti-insomnia drug Lunesta. Sepracor was a rumored takeover target earlier this year after Pfizer ended its collaboration with Neurocrine Biosciences Inc. (NBIX) for an experimental sleep drug, which had hit a regulatory setback.

Such an acquisition would give Pfizer access to a fast-selling drug that's marketed to general-practice doctors -- a marketing segment in which Pfizer excels.

For Pfizer, Sepracor would be "a relatively unencumbered asset that feeds into their whole kind of infrastructure of selling to the general practitioner," said Vincent Aita, partner with Kilkenny Capital Management, which invests in drug stocks but doesn't own Pfizer or Sepracor.

Spokespeople for Sepracor and Pfizer couldn't immediately be reached. Sepracor shares rose 4.5% Monday to $57.75.
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