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Biotech / Medical : Eli Lilly
LLY 1,071+1.4%Dec 19 9:30 AM EST

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To: Anthony Wong who wrote (454)1/10/1999 9:38:00 AM
From: Anthony Wong  Read Replies (1) of 642
 
Eli Lilly & Co. -11.3% Lilly and other drugmakers are likely to (LLY, 78 7/8) face several obstacles in the coming year that will keep share prices from rising as quickly in 1999 as they did in 1998, said Viren Mehta of the drug research firm Mehta partners. The U.S. may enact legislation to regulate drug costs, and Japan may put price controls in place that could cut pharmaceutical sales in the world's second largest market by 30 percent. Lilly shares rose 28 percent last year. (From Bloomberg Jan.8)
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