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

To: Doug Soon who wrote (1789)	4/29/1998 5:20:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 9523

Department Asks Insurers About Their Coverage For Viagra Business Wire April 29, 1998, 7:30 a.m. PT NEW YORK--(BUSINESS WIRE)--(04/29/1998; 0930)(EIS)-- Superintendent of Insurance Neil D. Levin has sent a letter to the State's health insurance companies to determine their policy concerning providing coverage to consumers who want to purchase the prescription drug Viagra. Published reports indicate that some insurance companies provide coverage for this drug, with various procedures for acceptance, while others do not. Viagra was recently approved for use by the Federal Food and Drug Administration to treat impotence in men. "Given the potential benefits of Viagra and the overwhelming demand for the prescription drug, we are asking health insurance companies to provide information as to whether or not they are going to provide coverage for Viagra and justification for their decision." said Superintendent Levin. "We are asking companies to adopt a thoughtful policy with regard to providing coverage for this drug." The Department is telling insurers to respond to its letter by June 15. Based on the responses, the Department will determine what follow-up action may be necessary.