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


To: Spunky Beaver who wrote (2071)5/5/1998 4:25:00 PM
From: Anthony Wong  Respond to of 9523
 
Vivus Shares Gain 10% as Doctors Warn Against Viagra
May 05, 1998 3:03 PM

NEW YORK (Dow Jones)--A warning from eye
doctors that Pfizer Inc.'s (PFE) Viagra may prove
dangerous to some patients with eye problems is giving a
boost to Vivus Inc. (VVUS), which has its own answer
to male impotence.

The warning energized Vivus's Nasdaq shares, which
were recently up 15/16, or 10.1%, to 10 3/16 on
volume of 2.5 million shares.

When Pfizer's Viagra blasted onto the impotence
treatment scene last month it quickly generated upward
of 40,000 prescriptions a day. In contrast, Vivus'
MUSE suppository treatment more quietly has been
used to help men suffering from impotence.

But Monday the American Academy of Opthamology,
the largest organization of eye doctors, said high doses
of Viagra can cause some eye problems, including retinal
dysfunction, light sensitivity and bluish-tinged vision.

The consortium urged patients with retina problems,
including macular degeneration or retinitis pigmentosa, to
use the lowest possible dosages of the drug.

According to PaineWebber analyst Charles Olsziewski,
Vivus stands to benefit from potential problems with
Viagra as impotent men look elsewhere for help.

"The product works very successfully," Olsziewski said,
referring to Vivus' suppository. "And that is also true for
patients who are not suited for the pill."

A Vivus representative wasn't immediately available for
comment.

Pfizer shares were recently trading at 110, down 2
11/16, or 2.3%, on volume of 4.6 million shares.

-Nancy Beiles; 201-938-5393