PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.08

-2.7%

Nov 14 9:30 AM EST

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To: YORE who wrote (3985)	7/7/1998 1:06:00 PM
From: Anthony Wong	Read Replies (1) of 9523

German Drug Wholesalers See 3%-4% Growth in 1998, Paper Says Bloomberg News July 7, 1998, 11:37 a.m. ET Frankfurt, July 7 (Bloomberg) -- Germany's pharmaceutical wholesalers association expects growth to double to between 3 percent and 4 percent in 1998, the business newspaper Handelsblatt reports in tomorrow's issue. Bernd Scheifele, president of the German Association of Pharmaceutical Wholesalers, or Phagro, said growth will continue to accelerate in the coming years after sales rose just 1.4 percent in 1997. Pfizer Inc.'s Viagra impotence treatment, expected to be approved in Germany later this year, could contribute 1 percentage point of the expected growth to the German industry, the newspaper said. Viagra became one of the best-selling U.S. drugs within weeks of its introduction in April. --Sara Marley in the Frankfurt newsroom (49-69) 92041-205/pgc

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