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


To: Anthony Wong who wrote (5908)10/11/1998 11:29:00 PM
From: Anthony Wong  Read Replies (2) | Respond to of 9523
 
Vienna: Pfizer Austria holds a series of seminars on the
safety and effectiveness of its new anti-impotence drug Viagra
and the drug's economic performance. 9:30 a.m. Vienna Stock
Exchange. Sunday, Oct. 18. (See: PFE US CN)

news.com



To: Anthony Wong who wrote (5908)10/12/1998 9:02:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
Weak rouble delays Viagra introduction
Monday October 12 4:50 PM EDT

MOSCOW (Reuters) - Impotent Russian men will have to endure another month before the introduction of the drug Viagra because of the country's flaccid currency, a top Pfizer official said on Monday.

Pfizer had announced it would bring in the much-publicized impotence drug to Russia by October. But the collapse of the rouble in August made foreign medicine much more expensive and imports of all drugs have fallen sharply since then.

''We decided that because of all the changes and particularly because of the difficulties being experienced in a lot of the distributors here in Russia to put the launch back to the beginning of November,'' said Robert Marshall, head of the Russia office for the U.S. drugs firm Pfizer which
makes Viagra.

Experts say Russian men suffer from the same sexual problems as males in other nations and so the country of 150 million has a large potential market. But many may be frustrated by the high cost after
the rouble's devaluation.

''For sure, we suspect we will sell a little bit less than we would have done before,'' Marshall told Reuters.

The drug will initially be available in major Russian cities, but may be hard to find east of Novosibirsk in Siberia, Marshall said.

dailynews.yahoo.com