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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (1054)	11/14/1998 12:55:00 PM
From: Anthony Wong	Respond to of 1722

curtis, I agree that one doesn't have the same of degree of confidence on Searle's ability to get drugs through FDA approval, but I would assume that Pfizer, having a lot at stake on this drug and having paid $140 million (?) upfront to MTC for the marketing rights (and spending another $100 million on hiring salespeople), would be closely monitoring and advising Searle on this matter. We both have PFE+MTC, so good luck to both of us. Anthony

To: chirodoc who wrote (1054)	11/15/1998 8:03:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 1722

American Home Products May Make Bid for Monsanto, Forbes Says Bloomberg News November 15, 1998, 6:36 p.m. ET New York, Nov. 15 (Bloomberg) -- American Home Products may again be eyeing Monsanto, barely one month after the two canceled their proposed $35 billion merger, Forbes reported in its ''Streetwalker'' column. American Home's Chief Executive Officer John Stafford has gotten a closer look at Monsanto's pipeline and likes what he sees and is planning to launch an unfriendly bid that would, among other things, dump Monsanto Chief Executive Officer Robert Shapiro. The original deal would have had American Home Products buying Monsanto for stock and winding up with 65 percent control of the company, Forbes said. St. Louis-based Monsanto and Madison, New Jersey-based American Home Products canceled their merger Oct. 14, after company executives, analysts said, could not agree on who would control the company. (Forbes 11/30 365 www.forbes.com