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


To: BigKNY3 who wrote (4501)7/21/1998 9:53:00 AM
From: Solid  Read Replies (1) | Respond to of 9523
 
So is this profit taking or related to the bogus lawsuit hitting all the local papers in the country this am?



To: BigKNY3 who wrote (4501)7/21/1998 9:57:00 AM
From: Hunter Vann  Read Replies (1) | Respond to of 9523
 
Interesting comment on CNBC this morning. The guest today was Seth Tobias who runs Circle T Partners which is a hedge fund. Haines asked him what sectors he was short on. He specifically pointed out Pfizer. Why? He pointed out that the new Rx numbers were down as well as the Rx refill numbers. In a nutshell, the Viagra hype is over, Pfizer is trading at lofty valuations and the stock should retrace quite a bit from here...

MRK news might drag the sector down quite a bit today...



To: BigKNY3 who wrote (4501)7/21/1998 1:51:00 PM
From: Anthony Wong  Respond to of 9523
 
Malaysia's Gold Coin Shares Soar 27% on Viagra Rights (Update2)

Bloomberg News
July 21, 1998, 7:39 a.m. ET

Malaysia's Gold Coin Shares Soar 27% on Viagra Rights (Update2)

(Updates paragraph 3 with Gold Coin confirmation that its
unit does have the rights to distributor Pfizer Inc.'s
pharmaceutical products in Malaysia.)

Kuala Lumpur, July 21 (Bloomberg) -- Gold Coin (Malaysia)
Bhd. shares soared 27 percent after its unit Zuellig Pharma
Sdn. got rights to distribute U.S.-based Pfizer Inc.'s anti-
impotence drug Viagra in Malaysia.

The shares of Gold Coin, a feed and flour milling company,
rose 64 sen to 2.99 ringgit. The most a stock can rise on the
Kuala Lumpur exchange in any half day's trading is 30 percent.

After the market closed, Gold Coin said its unit had signed
an agreement with Pfizer to distribute its products in Malaysia,
which include Viagra. It also noted that Viagra has yet to finish
its registration for sale in Malaysia.


Over the weekend, Malaysia's Health Minister Chua Jui Meng
said about 1.5 million men could benefit from Viagra.


''If the Malaysian government approves the sale of Viagra,
that's going to be profits going straight to the bottom line of
Gold Coin,'' said Lo Fen Cheong, institutional sales manager at
HLG Securities Sdn.

U.S. physicians have written more than 2.7 million
prescriptions for the US$10-a-pill drug since its introduction in
April, while the U.S. Food and Drug Administration has received
16 reports of deaths in men who had taken Viagra as of June 8.

--John O'Neill, Jane Lee in Kuala Lumpur (603) 248-7000, through