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

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

PFE 25.08

-2.7%

Nov 14 9:30 AM EST

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To: Ibexx who wrote (7321)	3/29/1999 3:32:00 PM
From: BigKNY3	Read Replies (1) of 9523

Drug Analyst: Sector Poised For Merger Activity NEW YORK (Dow Jones)--Although it remains unclear whether Glaxo Wellcome PLC (GLX) will join forces with Bristol-Myers Squibb Co. (BMY), there's no question the pharmaceuticals sector is in a consolidation mode, said Gruntal & Co. analyst David Saks. Appearing on CNBC Monday, Saks said that drug companies, poised for consolidation, will eventually lead to inflated stock values overall for the sector. "These are giant drug companies ready to do deals," he said. Among those companies possibly in the consolidation mix include Amgen Inc. (AMGN), Saks said. Saks' drug stock picks include Watson Pharmaceuticals Inc. (WPI), Eli Lilly & Co. (LLY) and Pfizer Inc. (PFE).

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