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


To: zurdo who wrote (2817)5/23/1998 3:53:00 PM
From: BigKNY3  Read Replies (2) | Respond to of 9523
 
From today's Barrons:

Pfizer dropped 3 11/16 Friday to 105 7/16 after disclosing that six people died while taking its impotence drug, Viagra. Some analysts downplayed the news, saying that the number of deaths is small in a patient population of a million, most of whom are older men. In addition, it isn't clear whether the deaths were related to the drug. Pfizer has disclosed that some deaths occurred during clinical trials. Still, the news was an excuse for profit-taking in a stock that has doubled in the past year and trades at an industry-high 50 times projected 1998 profits.

BigKNY3