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Biotech / Medical : Teva Pharmaceuticals
TEVA 32.01-1.5%Jan 9 9:30 AM EST

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To: Dana Breite who wrote (167)2/13/1998 4:07:00 PM
From: Doug  Read Replies (1) of 340
 
If you see my earlier post in Nov, I questioned the projections for
Q4. TEVA has stated that expected income before adjustments will now be 30-34c for a rev of $290-292m which is a record. There was a window of opportunity for Copazone but only 50% of Sales forecast actually materialized that too with higher marketing costs. Now that there are other drugs on the market, it is unlikely that there will be a breakout in sales.
The rev for the next Q is going to be close to last Q. The margins of all Generics are being squeezed . Because of that, I foresee TEVA
also under pressure. I am therefore not comfortable with projections
which exceed 10% of the current numbers.
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