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Biotech / Medical : wla(warner lambert)

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To: Anthony Wong who wrote (639)3/26/1999 8:19:00 PM
From: SeachRE  Read Replies (1) of 942
 
Shares are down 20% from highs. Does Rezulin account for 20% of earnings?I doubt it. I speculate that Rezulin is actually a fairly expensive drug to make, just by looking at its molecular structure.Additionally, earnings still have to be shared with Sankyo. According to basic science work,Pioglitazone(Actos) appears inferior to Rezulin as an anti-diabetic.I do not know about SBH's Avandia,though.Head-to-head clinical comparisons do not exist,to my knowledge. Anyhow,the market's over-reaction lead to a welcome buying opportunity.Growth at 25+% longterm,means a possible double in 3 years ( 70/25=2.8 ).Just one man's opinion.
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