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


To: Anthony Wong who wrote (1412)2/9/1999 6:43:00 PM
From: Anthony Wong  Respond to of 1722
 
Monsanto Co. Reiterated 'Buy' at DLJ

Bloomberg News
February 9, 1999, 4:40 p.m. ET

Princeton, New Jersey, Feb. 9 (Bloomberg Data) -- Monsanto Co. (MTC US)
was reiterated ''buy'' by analyst William R. Young at Donaldson Lufkin &
Jenrette Securities Corp. The 12-month target price is $58.00 per share.



To: Anthony Wong who wrote (1412)2/9/1999 6:48:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 1722
 
Pfizer Inc. Reiterated Near-Term 'Buy' at Merrill

Bloomberg News
February 9, 1999, 11:25 a.m. ET

Princeton, New Jersey, Feb. 9 (Bloomberg Data) -- Pfizer Inc. (PFE US)
was reiterated near-term ''buy'' by analyst Steven C. Tighe at Merrill Lynch &
Co. The long-term rating was also reiterated ''buy.''

-- Michael O. Donohue in Princeton, New Jersey, (609)279-3156



To: Anthony Wong who wrote (1412)2/9/1999 6:49:00 PM
From: Anthony Wong  Respond to of 1722
 
Eli Lilly Receives Initial Approval to Sell Gemzar in Japan

Bloomberg News
February 9, 1999, 6:12 a.m. ET

Eli Lilly Receives Initial Approval to Sell Gemzar in Japan

Tokyo, Feb. 9 (Bloomberg) -- Eli Lilly & Co.'s Japanese
unit received initial approval to sell its anti-cancer agent
Gemzar in Japan, said the country's Ministry of Health and
Welfare.

Gemzar (gemcitabine), which was approved by a ministry
panel to treat non-small-cell lung cancer in Japan, had sales
totaling $95.1 million in the fourth quarter, up 78 percent
from the fourth quarter a year earlier.

''It may be too early to think Gemzar will become a big
drug in Japan because the filing is only for one kind of
cancer,'' said Kenji Masuzoe, analyst at Deutsche Securities
in Japan.

The drug is approved in more than 65 countries for non-
small-cell lung, pancreatic and other types of cancer.

In 1998 Gemzar's global sales increased 76 percent, to
$306.8 million, Eli Lilly said.

Gemzar is being studied for the treatment of bladder
cancer, breast cancer and ovarian cancer.

Other drugs which received initial approval include Banyu
Pharmaceutical Co.'s glaucoma eyedrop treatment Trusopt
(dorzolamide). The drug was developed by Merck & Co., which
has Trusopt sales of $280 million a year, said Masuzoe.

Of 19 drugs reviewed by today's health ministry panel, 18
received initial approval, said Haruo Akagawa, an official of
the health ministry's Pharmaceutical and Medial Safety Bureau.
The other, Fujisawa Pharmaceutical Co.'s anti depressant
Lubox, needs to be scrutinized by a standing committee of
Central Pharmaceutical Affairs Council, the panel said. Lubox
(flubozamine) was developed by Brussels-based Solvay SA,
Belgium's No. 1 chemicals and drugs maker.

If it gets final approval from the standing committee,
it'll be the first selective serotonin re-uptake inhibitor, or
SSRI, to become available in Japan, Deutsche Securities'
Masuzoe said. Eli Lilly's Prozac is the biggest selling SSRI.

SSRIs manage depression but can depress sexual drive and
cause insomnia.

--Ryoko Imaizumi in the Tokyo newsroom (813) 3201-8378 /ja