PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.70

-0.1%

Nov 26 3:59 PM EST

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To: Jim Lamb who wrote (6418)	12/3/1998 6:49:00 AM
From: James Baker	Read Replies (2) of 9523

Jim Lamb:Anybody else out there disappointed about the street's response to this new drug being approved. Minimal if any pop in the price of PFE. The share price is at the April level >>>>>>>>> The market are taking a "sell on the news" attitude lately. This FDA approval was a long anticipated rubber stamp. There is the minor downside of no acute pain indication and no overwhelming safety statement vs NSAIDS. Look at the chart of IMMUNEX (IMNX) after Enbrel got full FDA approval - it went thru immediate sell off BUT is is SOARING 2-3 wks later! Stay tuned for PFE to do the same IF Searle/PFE is ready to roll Celebrex out the doors to the pharmacies once full FDA approval arrives. Jim

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