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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)

PFE 25.65

-1.7%

Jan 23 9:30 AM EST

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To: Sonki who wrote (564)	7/21/1998 1:53:00 PM
From: Anthony Wong	Read Replies (1) of 1722

Malaysia's Gold Coin Shares Soar 27% on Viagra Rights (Update2) Bloomberg News July 21, 1998, 7:39 a.m. ET Malaysia's Gold Coin Shares Soar 27% on Viagra Rights (Update2) (Updates paragraph 3 with Gold Coin confirmation that its unit does have the rights to distributor Pfizer Inc.'s pharmaceutical products in Malaysia.) Kuala Lumpur, July 21 (Bloomberg) -- Gold Coin (Malaysia) Bhd. shares soared 27 percent after its unit Zuellig Pharma Sdn. got rights to distribute U.S.-based Pfizer Inc.'s anti- impotence drug Viagra in Malaysia. The shares of Gold Coin, a feed and flour milling company, rose 64 sen to 2.99 ringgit. The most a stock can rise on the Kuala Lumpur exchange in any half day's trading is 30 percent. After the market closed, Gold Coin said its unit had signed an agreement with Pfizer to distribute its products in Malaysia, which include Viagra. It also noted that Viagra has yet to finish its registration for sale in Malaysia. Over the weekend, Malaysia's Health Minister Chua Jui Meng said about 1.5 million men could benefit from Viagra. ''If the Malaysian government approves the sale of Viagra, that's going to be profits going straight to the bottom line of Gold Coin,'' said Lo Fen Cheong, institutional sales manager at HLG Securities Sdn. U.S. physicians have written more than 2.7 million prescriptions for the US$10-a-pill drug since its introduction in April, while the U.S. Food and Drug Administration has received 16 reports of deaths in men who had taken Viagra as of June 8. --John O'Neill, Jane Lee in Kuala Lumpur (603) 248-7000, through

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