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

PFE 25.91

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3:59 PM EST

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To: Anthony Wong who wrote (642)	8/17/1998 1:16:00 PM
From: aknahow	Read Replies (1) of 1722

Anthony, thanks for the many informative post. If the DuPont Conoco/ELF rumors come to pass there will be about $15 of cash headed for the drug/biotech industry, if Sanofi asset exchange is around $9 billion. Do not know value of Sanofi. Of course taxes in the cash portion of any exchange will have tax consequences but with DuPont targeting acquisitions and Merck perhaps only collaborations the drug sector is getting a great heads up in terms of events to come. nytimes.com

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