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


To: John F. Dowd who wrote (5934)10/13/1998 12:16:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
Viagra to Be Introduced in Italy This Week, Newspaper Reports

Bloomberg News
October 13, 1998, 4:12 a.m. ET

Rome, Oct. 13 (Bloomberg) -- Italians will soon be able to
purchase Pfizer Inc.'s impotence treatment drug Viagra, which is
being sold in pharmacies in Milan as of today and will be
available in the rest of the country on Thursday, Italian daily
La Stampa reported. The ministry of health said the blue pill
will cost up to 200,800 lire ($120) for the highest dosage of
100 milligrams, while a standard-dose 4-pill pack will cost
83,000 lire, adding that the pill can only be obtained with a
non-renewable doctor's prescription allowing the purchase of a
maximum of 16 pills, the paper reported. According to La Stampa,
some three million Italians suffer from impotence.

In mid-September, the European Commission, the executive
branch of the European Union, approved the sale and marketing of
Viagra in the 15-nation bloc.

(La Stampa, 10/13, p. 13) (www.lastampa.it)

--Rosanna Maietta in the Rome bureau (3906) 6786 455 with Farah



To: John F. Dowd who wrote (5934)10/13/1998 12:54:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
The AHP/MTC merger breakdown helps PFE, according to a Bloomberg article:

Helps Pfizer, Merck

The end of the merger helps Pfizer Inc. and Merck & Co.,
Keeney [analyst with ABN Amro] said.

Goldman, Sachs & Co. advised Monsanto, and Bear Stearns &
Co. advised American Home.

Monsanto earlier this year entered an agreement with rival
drugmaker Pfizer Inc., the maker of the impotence pill Viagra, to
help market its new arthritis painkiller. Monsanto is expected to
file this year with U.S. regulators for approval of the drug,
potentially its biggest seller.