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Biotech / Medical : Merck -- Ignore unavailable to you. Want to Upgrade?


To: David C. Burns who wrote (1167)3/25/1999 1:38:00 PM
From: Rob Loney  Read Replies (1) | Respond to of 1580
 
Can somebody help me understand.

1) The cornerstone of Merck success has been Cardiovascular sales
of enalapril, simvastatin, lovastatin.

At least in Canada market share looks like this (enalapril 39%
in 1997, 35% in 1998, 33% Feb 99); (Simvastatin 31% in 1997
,25% in 1998, 24% in 1999); (lovastatin 15% in 1997, 2.7% in
1998).

In addition to the loss in market share, Merck has done something
very unique for them. Reduce the cost of Zocor?

All of this, and the stock continues to go up. Yes, they do have
other products, but nothing compared to cardiovascular.

What part of the story am I missing?