Centocor ( CNTO ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Centocor ( CNTO )

CNTO 0.00001000

0.0%

Mar 7 3:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FNS who wrote (503)	1/9/1998 6:19:00 PM
From: Todd D. Wiener	Read Replies (1) of 965

Biotech 4Q: Centocor's ReoPro Gets Boost From Labeling Dow Jones Newswires Centocor Inc. (CNTO), of Malvern, Pa., is seeing continued success with its ReoPro antiplatelet agent. The drug got a boost in early November when the FDA approved additional uses for the blood thinner. The new labeling will allow physicians to use ReoPro as additional therapy to prevent cardiac complications in a broad range of patients undergoing percutaneous coronary intervention and should boost sales of the drug, analysts said. In December, Centocor said it would be unable to complete an international distribution agreement for its Avakine drug in 1997 and therefore unable to meet analysts' estimates for the year. Earnings estimates of about 50 cents a share assumed an up-front payment from the expected international distribution agreement for Avakine, a monoclonal antibody for the treatment of Crohn's disease and rheumatoid arthritis. Centocor said it likely would earn just 20 a share in 1997. For the fourth quarter, analysts expect Centocor to report earnings of 2 cents a share, down from 4 cents a share a year ago, according to First Call Inc.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next