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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?

To: jeff greene who wrote (1622)	11/15/1999 11:28:00 PM
From: aknahow	Read Replies (1) \| Respond to of 1722

All shareholders should care that the S.E.C. allows both marketing and royalty agreements to be kept confidential. Now Warner has complained that to continue to keep its' agreement with Pfizer confidential would mislead shareholders. The agreement is now being released, as both sides agreed. biz.yahoo.com These agreements are material to understanding the value of companies we invest in. There is no logic to Warners claim that shareholders were now being damaged by not knowing the details. Shareholders were damaged from the moment the agreement was signed and the details hidden from shareholders. Competitors make this type of agreement all the time and thus probably had very close ideas about the structure of the deal. You can bet that favored analyst and investment bankers were also led to have a close approximation of the details. The same is true with royalty agreements for biotech stocks. Only the shareholders are kept in the dark. I hope the S.E.C. see the irony of having a big drug company complain about the results of its' own secret agreement.

To: jeff greene who wrote (1622)	11/29/1999 3:16:00 PM
From: Henry Niman	Respond to of 1722

Speaking of PFE and WLA, Carl Seiden of JP Morgan was on CNBC this morning to comment on the drug sector. He liked AHP, PFE, and WLA 207.235.5.146

To: jeff greene who wrote (1622)	12/10/1999 6:09:00 AM
From: Henry Niman	Respond to of 1722

Looks like Merger Mania is beginning to heat up again. The Financial Times is reporting that AHP is talking to PNU in case its bid for WLA doesn't go through because of the PFE bid. 207.235.5.146 I suspect that many are now talking to many as the sector gets serious about consolidating. AHP is up 3/8 and PNU is up 2 1/2 in Europe CNBC now talking about interest in MTC's Searle also 207.235.5.146

To: jeff greene who wrote (1622)	12/11/1999 8:39:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 1722

Barron's online has an article on Merger Mania 207.235.5.146 Article indicates that AHP will be a winner no matter what happens with WLA. Other merger candidates include SBH, MTC, GLX, NYTSY, and PNU. The AHP story has been covered pretty extensively in the past few days 207.235.5.146