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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.09+0.2%Dec 26 9:30 AM EST

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To: JEB who wrote (6626)1/5/1999 9:55:00 AM
From: BigKNY3  Read Replies (3) of 9523
 
Merrill Lynch PFE Update 1/4/99

Investment Highlights: · The label for Monsanto's Celebrex appears to be a good one with clear-cut differentiation versus other NSAIDs.
· We continue to believe that Pfizer has the best fundamentals in the industry and should benefit from its co-promotion of Celebrex with Monsanto.

Fundamental Highlights: · Everything we are looking for is in the label for Celebrex. The endoscopic data differentiating the product from existing NSAIDs is clearly laid out in the label. At six months, the data displays a lower rate of ulceration for Celebrex users versus users of other agents. This is a clear cut marketing hook to get into physicians' offices and to get them to use the product.
· Other differentiating features include its lack of effect on platelets, its once-a-day indication for osteoarthritis, and what looks to be a milder gastrointestinal side-effect profile in abdominal pain, flatulence, and nausea. Its different mechanism of action is also laid out in the label.
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