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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: FNS who wrote (773)8/25/1998 11:28:00 AM
From: Hong-Lee Yu  Read Replies (2) of 965
 
Remicade (aka Avakine) will be very profitable.

Most SG & A expenses related to Remicade should be already shown up in Q2. The Co stated in 1997 annual reports that they need no more than 50 sales force to cover 90% of market in USA. In addition, they will get 60% profit from SGP for Remicade sales in non-USA market.

If they can have 100M revenues in Remicade (USA) in 1999 as projected, at least 50M will go to the buttom line.
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