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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 (6152)10/24/1998 10:19:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
Free trial of Viagra tablets planned [in Hong Kong]
Friday October 23 1998
South China Morning Post

ANNE STEWART

Impotent men will probably be given their first four Viagra tablets free for "trial
purposes" after the Hospital Authority approves the use of the drug this year.

The plan emerged yesterday after the first meeting of the Hospital Authority's Viagra
taskforce.

The taskforce will now consider whether a course of treatment should be paid for by
the patient or be partly or wholly financed by the Hospital Authority.

Whatever is decided, patients will most likely receive up to four tablets free for a trial
run.

"This drug does not work for everyone. It has an 80 per cent efficacy rate, so they
need to be tested on the patient," said taskforce member and urologist Andrew Yip
Wai-chun.

"The [authority] can pay for the test drug, the patient can try it and they can come and
report back in a month," he said.

The taskforce is comprised of three urologists, two psychiatrists, a medical social
worker, a pharmacist, a cardiologist and an endocrinologist.

Dr Yip said it was expected that the Hospital Authority would require a specialist to
prescribe the drug, in conjunction with family counselling.

However, in the private sector, any general practitioner would be able to prescribe it.

A maximum of about 10 tablets per month would be prescribed at a time.

"Many of the people wanting the drug may be 60 or 70 years old, so they are probably
not having sex every day," Dr Yip said.

"There is also a danger if we prescribe too many at once that they may be sold to
friends and so on."

He said the group was aware of family problems that had been sparked in the United
States after men had started taking the drug, so family counselling would be an element
of the Hospital Authority treatment, Dr Yip said.

It is estimated that up to 100,000 men may seek Viagra prescriptions when they
become available.

Viagra should be on sale legally by the end of the year for between $77 and $100 a tablet.

However, the drug is already available in several street markets and some pharmacists
are also dispensing it illegally.

scmp.com



To: Anthony Wong who wrote (6152)10/25/1998 10:19:00 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 9523
 
Anthony, Jubak's TA is very interesting: if you draw a line across the last two peaks and connect that line to the future ascendant line of the current price move you'll see that they meet at ~ 105.
That's close to Peabody's 109. So if one where to average the two ( 105, 109 ) empirically, you get 107. By that logic I think that that is where I will short PFE : between 105 and 107. What do you think? GG.

TA



To: Anthony Wong who wrote (6152)10/25/1998 10:58:00 PM
From: BiGx  Read Replies (1) | Respond to of 9523
 
Anthony:

I plead guilty to not understanding why Jubak's conclusions are to be taken seriously. Put another way: If in fact Pfizer was 'artifically' high at 120 (in essence a positive blip that was not really meaningful), why couldn't the wider swings in prices and resulting trend been seen as a correction to a more 'realistic' level instead of as a sign that the downward trend will continue?