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Biotech / Medical : wla(warner lambert) -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (642)3/27/1999 12:12:00 PM
From: Captain Jack  Respond to of 942
 
Anthony--- I knew of the ML report and thouht their "rock bottom" of $61 was rediculous! There was too much support in the mid 60s for it to go below that for more than a few days... we should see the 70s real fast now,,, in the mid 70s quick enough



To: Anthony Wong who wrote (642)3/28/1999 12:01:00 PM
From: Captain Jack  Read Replies (1) | Respond to of 942
 
Tony--- even more GOOD news..

Depressing news for Lilly's Prozac . . .

NEW YORK (CBS.MW) -- Merrill Lynch is
singing the blues about Prozac, cutting its revenue
expectations from Eli Lilly's (LLY) anti-depressant on concerns rival drug
Celexa threatens to take a 19 percent market share within three years.
Sales of Celexa, the anti-depressant developed by Forest Labs (FRX)
and co-marketed by Warner-Lambert (WLA), could exceed $1 billion in
2003, Merrill analysts said. Merrill Lynch, which commissioned a
research firm to get doctor feedback, reportedly found that Celexa has
fewer serious side effects, including incidences of sexual dysfunction and
drug interactions.