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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: Dave Williams who wrote (612)	3/20/1998 7:42:00 AM
From: MisterED	Respond to of 9523

You will find this information on the Vivus thread under posting no. 5982.

To: Dave Williams who wrote (612)	3/20/1998 8:58:00 AM
From: BigKNY3	Respond to of 9523

Mister ED <<BigKNY, what is a User Fee Agreement? If FDA does not preannounce any approvals, how come this UFA will tell you the approval will come in March? Yahoo says Viagra is not on the list. Who should we believe>> Mr Ed. In 1992, the FDA and the pharmaceutical industry reached an agreement called the Prescription Drug User Fee Act. Under this agreement, the pharmaceutical industry agreed to support the FDA with funds to pay for additional FDA staff. In exchange the FDA agreed to report the results of their NDA reviews within 6 months of the submission dates for "priority" drugs and within 12 months for "standard" drugs. Traditionally, the FDA waits until the last week, and , usually, the last day of these 6 month or 12 month reviews to make their announcements. If these reviews are due on March 30th, the FDA will not announce the results in early March or mid March. Any list posted on the Internet will include only those drug approvals that have already been announced. Here is an excellent FDA Website that explains the "how the FDA Approves New Drugs".http://www.fda.gov/fdac/special/newdrug/benefits.html Good investing! BigKNY3