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Biotech / Medical : Watson Pharmaceuticals

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To: Dan'l Leviton who wrote (72)3/29/1998 7:12:00 PM
From: Jacob Snyder  Read Replies (1) of 83
 
Re: Dilacor is easily company's most important product:

Dilacor is a calcium channel blocker, which is a class of blood pressure medications that is going out of favor. Basically, they are more expensive than the older classes of drugs. Worse than that, in spite of a huge research effort, no drug in this class has been shown to increase lifespan, or decrease mortality. A big advertising effort is propping up sales of these drugs, but a consensus conference has clearly stated that calcium channel blockers should not be first-line therapy.

When the market corrects, when the drug industry cycles out of favor, when Dilacor sales dissapoint, then WPI will be available at a PE of 14 again, and I'll buy it again. I'm prepared to be very patient. I spend most of my investing time watching and doing nothing, and this is my most profitable activity.
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