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Biotech / Medical : Eli Lilly

LLY 1,071

+1.3%

Dec 19 3:59 PM EST

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To: Anthony Wong who wrote (370)	10/21/1998 9:32:00 PM
From: Anthony Wong	of 642

10/21 11:14 Danish shares fall on profit-taking, Novo<NVOb.CO> COPENHAGEN, Oct 21 (Reuters) - Danish shares fell on Wednesday in thin trade marked by profit-taking, and with bio-tech blue-chip Novo Nordisk dented by a sales advance of rival Eli Lilly<LLY.N> in Novo's main markets, dealers said. The KFX top-20 index shed 1.50 points or 0.75 percent to 197.18 in modest 520 million crown turnover. The KFX November future fell 3.00 points to 198.00. Novo Nordisk fell 18 crowns to 700. Eli Lilly posted 19 percent higher Q3 sales with insulin sales outside the United States up 18 percent. This was bad news for Novo as it implied that the Danish company had lost market share, dealers said.

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