Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chien Pai Wang who wrote (4088)	7/9/1998 4:01:00 PM
From: Anthony Wong	Respond to of 9523

Kaiser Sued Over Decision Not to Pay for Viagra Bloomberg News July 9, 1998, 3:19 p.m. ET Kaiser Sued Over Decision Not to Pay for Viagra Oakland, California, July 9 (Bloomberg) -- Kaiser Permanente Group, the largest U.S. health-maintenance organization, said it's being sued by a 77-year-old man over the company's decision not to cover the cost of Pfizer Inc.'s blockbuster impotence pill Viagra. The Los Angeles man, who became impotent as a result of prostate surgery, filed the suit after Kaiser refused to pay for the drug, said Kaiser spokeswoman Beverly Hayon. She said she wasn't familiar with the details of the case because Kaiser hasn't seen the suit. Kaiser is among a group of U.S. insurers that have said they won't pay for Viagra, which costs up to $10 a pill, because its high cost would force them to raise premiums. Viagra, the first pill to treat impotence, rocketed to blockbuster status within weeks of its April introduction. ''In most cases, prescriptions for Viagra may be medically appropriate. But the vast majority are not being deemed medically necessary and the vast majority of Kaiser patients are paying for Viagra,'' Hayon said. Shares of Pfizer rose 3/8 to 113 7/8 in late trading. Kaiser has more than 9.1 million members in 19 states and the District of Columbia. --Jim Finkle in the San Francisco newsroom (415) 912-2996/pkc

To: Chien Pai Wang who wrote (4088)	7/9/1998 4:07:00 PM
From: Anthony Wong	Read Replies (3) \| Respond to of 9523

2Q Net $628M Vs $457M, 2Q Revs $3.63B Vs $2.91B

To: Chien Pai Wang who wrote (4088)	7/9/1998 4:11:00 PM
From: Early Out	Read Replies (2) \| Respond to of 9523

2q net 47c A Diluted Share Vs 35c on Revs 3.63B vs 2.91B 3 cents better than expectations but well below the whisper number. What happens tomorrow? -jsc

To: Chien Pai Wang who wrote (4088)	7/9/1998 4:22:00 PM
From: Uncle Frank	Read Replies (4) \| Respond to of 9523

Please provide a URL for the announcement. I thought PFE wasn't due to report until 7/15????? UF