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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.18+1.1%3:59 PM EST

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To: Ibexx who wrote (6670)1/12/1999 8:27:00 AM
From: Logain Ablar  Read Replies (1) of 9523
 
Ibexx:

CA, CT (our home state) and others are requiring HMO's to reimburse for the use of Viarga and other drugs. The HMO's are being squeezed (but they should have a good margin expansion in 99 due to rate increases and their squeezing doctors and hosipitals).

At least on a short term basis (next two years) drug companies have a good political outlook (but the gov't will focus on them again).

Tim
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