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Biotech / Medical : Monsanto Co.
MTC 2.820+0.7%Dec 1 3:59 PM EST

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To: synchro who wrote (1969)4/22/1999 4:02:00 AM
From: JGoren  Read Replies (2) of 2539
 
Agree, although I responded more "legally." Price drop in sympathy with with Vioxx. FDA did not approve Vioxx for long-term pain, only acute pain; Vioxx much worse on side effects. Therefore, Vioxx at significant disadvantage to Celebrex. Merck desperately needs Vioxx to be blockbuster. Biggest worry is that, because of the disadvantage of Vioxx to Celebrex to patients, Merck will start price war in order to achieve sales.

Look for nice quarterly report. I believe the report is due Friday, 4/23. Last quarter was $.05; street estimate is $.16 but whisper 2 cents below that.
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