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

To: Uncle Frank who wrote (5054)	8/20/1998 10:40:00 PM
From: BigKNY3	Read Replies (1) \| Respond to of 9523

Uncle Frank <<PFE is my first foray into the biotech sector, and nobody warned me about the political, moral, and legal influences on the stock price. >> Unckie: Welcome to the wonderful "soap" opera world of Big Pharma. Regulation and politics have been part of the equation since PFE first made Terramycin in the 1940s. The Health Research Group of Public Citizen under Dr. Sidney Wolfe considers themselves the watchdog against the FDA and the pharmaceutical industry. Their techniques ,tactics, and arrogant language should make any "citizen" and Pharma investor cringe. In the case of Viagra, they are primarily asking for a modifications of the current Viagra package insert to include additional warnings for "at risk" patient populations that were not included in the Phase II and Phase III clinical studies. This type of request could be made for 100% of NDAs approved by the FDA. The second agenda of Dr. Wolfe is to question the policies and methods of the FDA. Here are typical comments from Dr. Wolfe and Dr. Larry Sasich made on June 8, 1998: "Rather than putting the safety of the American public first, the FDA now "cooperates" with the drug industry, whose only interest is selling drugs, to approve more drugs faster whether they are needed or not......The FDA's role has changed. Rather, than regulating the drug industry to protect the health of prescription drug consumers the Agency has become the drug industry's partner in approving a flood of drugs that offer no advantage over older drugs and in may instances, there is clear evidence that they may be more dangerous. This places the American public at a needless risk of devastating adverse drug reactions. " Watch how close PFE closes near the option price of $105 on Options Friday tomorrow. Have PFun! BigKNY3