Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: margie who wrote (5543)	10/21/1998 1:42:00 PM
From: John Romeo	of 6136

I had the opportunity to participate in what I felt was an excellent conference call last night. In respect to Ritonavir, AGPH mgt guided us to 65% on liquid and 35% on remaining on capsule. Of interest mgt. would not forecast any market share gain in it's guidance, or loss on Abbot's side. A price increase of 4.6% on Viracept effective October 1st has held up and 150,000 are now using the drug worlwide.Market share is 40% vs.39% for Crixivan.Doug Lind of Morgan Stanley, a onetime bull when he was at PaineWebber, asked if lipodystrophy or Crix Belly was showing up in any frequency. Management qouted the 511 study which is continuing now over 70 weeks had shown little indications of this side effect. Viracept continues to be a very safe and potent protease inhibitor justifying it's current market share, in my opinion. Steve Cowell,CFO guided to FY99 total U.S. Viracept sales of $430-440million. One concern was the mention of contractual payments due IMNR and/or others in Q3 99 could put earnings into the red for that qtr.So, going forward, accurate eps estimates may be more difficult or less reliable. I've got more but I have said enough. John L. R.

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