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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: BigKNY3 who wrote (7445)4/18/1999 10:57:00 PM
From: BigKNY3  Respond to of 9523
 
The Peabody Report: 4/18/99

The Peabody Report is intended to foster conversation on the PFEr Board. Comments are welcome and encouraged.

Invest only after conducting your own research.

Have PFun!

BigKNY3

PS Kudos to the PFEr Boards for your professionalism!

__________________________________________________________
PFE Stats (4/16/99):

Rally attempts fail as profit-taking continues despite strong analysts' support

PFE Versus the Dow- Intraday
quicken.com

DOW JONES:
Close: 10,494 An all-time Dow High

PFE - PFIZER INC

PFE - PFIZER, INC

Last Price: 127 1/16 at 17:01
Change: Down 2 15/16 (-2.26%)
High: 131 3/4 at 9:53
Low: 125 15/16 at 14:58 Pending Peabody Valley
Open: 131
Previous Close: 130 on 4/15
Volume: 7,706,900 Very heavy volume
30-Day Avg. Volume: 3,067,000
Shares Outstanding: 1,293,175,000
52-Week High: 150.12
52-Week Low: 86
Beta: 0.93
Yield: 0.60%
P/E Ratio: 48.1
EPS: 2.64

_____________
The Peabody Model

-Click here for a summary of the principles behind the Peabody Model.

Short-Term PFE Trend: Moving Higher from the Peabody Valley (4/15/99)

Target Peabody Peak: The new target Peabody Peak is 146.02 (+14.9%) by 5/17/99. The Peabody Peak strike price is $135.95 (+7.0%).

Target Peabody Valley: If the Model is wrong, PFE will move down to a new Peabody Valley of $119.58 (-5.9%).

Predicted PFE Level: At the current record Dow high level of 10,494, the predicted PFE price is 151.38..... Accordingly, PFE is 16.1% underpriced as compared to historical Dow and PFE trends. This is the highest underpricing of PFE in Da Model's history.

Da Short-term PForecast (4/18/99) PFE: 127.06 Dow: 10,494: Expect a wild week with the Vioxx FDA advisory Panel on Tuesday , PFE 150th Annual Meeting on Thursday, finalization of the 3-1 split approval and earnings reports from LLY (Monday) and MRK (Friday).

The Model is indicating a major buy signal for PFE. Although nothing in the market is a certainty, the bell is ringing......Accordingly, Mr. Peabody will be adding 100 shares of PFE to the Portfolio by the end of Tuesday's close.

Suggested PFE Buying Range: $122 to $128 (4/18/99)

The Peabody Portfolio: 100 shares to be purchased on Monday or Tuesday

The Peabody Portfolio consists of 30 PFE purchase recommendations listed on the PFEr Board since August 14, 1996. The Portfolio has purchased 4,600 PFE shares at an average price of $69.61 (only 3.5% off the subsequent next PFE Valleys). Today's purchase of 100 shares was the first buy opportunity in 3 months.

# PFE purchases since 8/14/96: 30
% of purchases in the black: 97%
# PFE shares purchased: 4,600
Average PFE purchase price: $69.61
Annualized return: 60.9%
Current return: 82.5%

# PFE purchases since 1/01/99: 3
% of purchases in the black: 67%
# PFE shares purchased: 300
Average PFE purchase price: $118.8
Current return: 6.9%

Date............#..........Purchase
Purchased...Shares...Price
8/14/96:..... 200 ........$36.38
10/25/96:....200 .........$40.44
12/4/96:......200..........$41.69
12/12/96:.....200.........$40.50
12/16/96:.....200.........$40.44
12/31/96:....200..........$41.50
1/2/97:........200.........$40.94
1/28/97: ......200..........$42.38
2/28/97:.......200...........$45.69
3/24/97:.......200...........$44.88
3/27/97:.......200...........$42.81
3/31/97:........200..........$42.56
8/8/97:..........200..........$55.13
4/16/98:........200...........$97.00
4/27/98:........200...........$113.00
5/7/98:..........200...........$107.50
5/15/98:.........100..........$105.00
5/27/98 :........100 .........$101.75
7/06/98 :........100 .........$106.00
7/29/98 :........100 .........$110.50
8/05/98 :........100 .........$104.00
8/07/98 :........100 .........$102.63
8/11/98..........100..........$100.00
9/01/98..........100..........$97.63
10/06/98.........100..........$94.00
10/09/98.........100..........$89.00
10/14/98.........100..........$89.50
01/10/99.........100........$117.00
01/12/99.........100........$110.25
04/15/99..........100........$129.38

Total:............4,600.........$69.61
______________________________________________________

Peabody Peaks & Valleys: Updated 4/16/99

Listed below is an updated summary of the Peabody Peaks and Valleys since 1/04/90.

The columns include the following data:
- PFE prices
- % change since the previous Peabody Valley or Peak
- # of days from the last Peabody Valley or Peak
- # of high volume days associated with the Peabody Valley or Peak
- predicted next Peabody Valley or Peak using the Model
- difference between the predicted Peabody price and the actual price .

___________________________________________________

................................................................................ Predicted
.........................................% Chg... # Days..High Vol..Peabody....% Diff
...............................PFE.....Last........Last....Days ....Next Pred..Peabody/
Peak/Valley.. Date...Price...Vall/Pk....Val/Pk. W/ Date...Vall/Pk....Actual
1....Peak.....1/4/90....9.06.................................. 2....... 6.92........1.5%
2....Valley...2/26/90...6.81.....-24.8%..... 53........12......11.31.......19.0%
3....Peak.... 7/31/90...9.50......39.4%.....155.......21........7.31....... -8.7%
4....Valley...8/23/90...8.00.....-15.8%..... 23..........1.......12.61 .....-41.3%
5....Peak.....2/30/91..21.50...168.8%... 494 .........9.......18.07...... 4.9%
6....Valley...2/19/92...17.22...-19.9%......51..........8.......22.76...... 19.2%
7....Peak.....2/27/92...19.10....10.9% .......8 .........2.......15.91...... -6.4%
8...Valley....4/28/92...17.00....-11.0%......61.........3.......22.52....... 8.2%
9....Peak.....8/20/92...20.81.....22.4%....114........4........17.45 .......+0.4%
10..Valley...10/5/92....17.38....-16.5%......46.......10.......22.93.......14.7%
11..Peak.....2/14/92 ...20.00.....15.1%......70........3.......16.72........27.4%
12..Valley....2/22/93 ...13.13 ...-34.4%..... 70 .....33.......18.25 ......14.5%
13..Peak.....3/11/93 ...15.94 ....21.4%......17 . .....3.......13.08 .... -8.2%
14..Valley....3/24/93 ...14.25 ...-10.6%......13........1........19.49......3.1%
15..Peak.....6/17/93 ...18.90.....32.6%...... 85.......6.......15.73 .....13.1%
16..Valley...8/16/93 ...13.92 ....-26.4%..... 60.....13.......19.13 .....17.2%
17..Peak.....9/03/93....16.31......17.2%......18.......1.......13.41......-7.1%
18..Valley...10/04/93...14.44 ....-11.5%......31.......1.......19.70 .....11.9%
19..Peak.... 12/30/93...17.60 .....21.9%......87.......0......14.57 .......9.7%
20..Valley....3/31/94....13.29 ....-24.5%......91.......2......18.43......-18.1%
21..Peak......3/29/95....22.50.....69.4%.....363......3......18.96.......-5.8%
22..Valley.....5/15/95....20.13..... -10.6%.....47......5......25.96........0.6%
23..Peak......8/1/95......25.81......28.3%..... 78..... 5......21.93 ......-5.7%
24..Valley....9/8/95.......23.25.....-9.9%....... 38....10.....29.40 .......-12.1%
25..Peak.....12/14/95....33.44.....43.8%.......97......5.....28.77.........-4.9%
26..Valley.....1/19/96.....30.25.....-9.5%.......36....14..... 37.10.........4.9%
27..Peak.......2/13/96.....35.38....16.9%.......25.....4...... 30.50 ........-0.8%
28..Valley.....3/14/96..... 30.75....-13.1%......30.....11.....37.65.........4.0%
29..Peak.......4/3/96 ......36.19....17.7%.......20..... 2......31.23 .......-0.7%
30..Valley......5/8/96......31.44....-13.1%......35......3......38.41........-0.7%
31..Peak.......6/17/96.....38.69....23.1%.......40......3......33.47........2.0%
32..Valley......7/16/96.....32.81....-15.2%.....29......2.......39.92........-7.7%
33..Peak.....10/21/96......43.25...31.8%.......97..... 5.......37.56....... -4.9%
34..Valley....10/28/96.....39.50....-8.7%........7.......5.......47.28 ....... 3.6%
35..Peak.....11/26/96 .....45.63...15.5%......29.......4.......39.69 .......-0.1%
36..Valley....12/6/96 .......39.75...-12.9%.....10.......5.......47.56........-4.6%
37..Peak.......2/18/97......49.88...25.5%......74...... 5.......43.50.........4.8%
38..Valley..... 4/03/97......41.50...-16.8%.....44.....15.......49.48........30.9%
39..Peak.......7/07/97.......64.75.. 56.0%......95 ....18.....55.13 .........-7.4%
40...Valley....8/18/97........51.06...-21.1%.....42 ...11.....66.88.........10.1%
41...Peak....10/24/97.......73.63 ...44.2%......67.....3 ....62.00...........4.8%
42...Valley...10/27/97.......65.00 ...-11.7% .....4.....2.....85.50.........-12.1%
43...Peak....10/30/97.......74.88.....15.2% .....2..... 3.....66.00.........+0.5%
44...Valley...11/13/97.......66.31....-11.3%....14.... 3.....83.00.........-3.6%
45...Peak....12/04/97.......80.00.....20.6%....21.....2......69.13.......+0.6%
46...Valley...12/19/97.......69.56....-13.0%....15.....1......87.13........+9.0%
47...Peak......1/05/98.......79.94.....14.9% ....17....1......69.38 ....... -2.4%
48...Valley... 1/12/98...... 71.06.....-11.1% .... 7....3 .....87.00........ -4.9%
49...Peak..... 2/27/98...... 91.44.......28.7% ...46 ...1 ....79.87 ....... -5.1%
50...Valley....3/06/98.......84.13.........-8.0% .... 7 ...3....103.71.......+0.0%
51....Peak.....4/06/98 ....103.75........23.3%...31...13.....91.86 ........-3.6%
52...Valley.... 4/16/98......95.31........ -8.1%....10 ....1...116.50 ........-4.3%
53...Peak......4/21/98.....121.75.........27.7%.....5 ....8...109.12..........4.5%
54...Valley....5/17/98 .....104.75........-14.0% ...26 ..2....124.00.......+8.6%
55....Peak ....5/20/98 .....114.19.........9.0%......3 ...4 ....101.10.......+0.8%
56 ...Valley.. 6/01/98......100.38........-12.1%....12...5 ....119.75.......+4.2%
57....Peak.... 6/18/98 ....114.94..........14.5%....17...1 ...102.00........-3.4%
58....Valley.. 7/06/98 .....105.63......... -8.1% ...18 ..4.....126.59.......+5.0%
59....Peak ...7/14/98......120.56..........14.1% .....8 ..4....107.00........+9.2%
60... Valley... 8/11/98......98.00.........-18.7%.....28...1.....117.19.......+7.6%
61....Peak...8/19/98.......108.94..........10.6% .....8 ..1.......97.06........+5.5%
62....Valley.. 9/01/98 ..... 92.00......... -15.5% ...13 ..6....109.79.......+7.6%
63....Peak ...9/03/98......102.06..........10.9% ......2....5.....90.32........-3.4%
64... Valley.. 9/04/98......93.50...........-8.4%........1... 5...110.79.......+6.7%
65....Peak.....9/15/98.....103.88........+11.1%.....11...0.... 92.25.......-2.9%
66....Valley....9/21/98......95.00.........-8.5%.........6...0....110.00.....+0.7%
67....Peak.....9/28/98.....109.19........+14.9%...... 7...2......96.93.....+12.7%
68....Valley...10/08/98......86.00........-21.3%.....10...5......101.40.....+4.6%
69....Peak.....10/12/98.... 96.94........+12.7%.......4...0.... 85.30......-3.6%
70....Valley...10/14/98......88.50.........-8.7%........2...2....103.36.......-19.8%
71....Peak....12/31/98 ... 128.94......+45.7%.......78...1.....114.00.......+4.1%
72....Valley...1/12/99......109.56........-15.0%.....12...4.....127.49........-5.3%
73....Peak....2/02/99 ... 134.63.......+22.9%......21...5.....118.66.......-5.1%
74....Valley...2/09/99......125.00........-7.1%.........7.....0....139.84........-3.2%
75....Peak.....3/23/99 ... 144.50.........+15.6%....42....2.....128.27.......-4.9%
76....Valley...3/26/99.....134.88.........-6.7%........3....0.......157.25.......+4.7%
77....Peak.....4/12/99... 150.13.......+11.3%.......17....2.....131.31.......+5.9%
76....Valley*...4/16/99.....125.88........-16.2%........4....4....
........*Pending
______________________________________________
Average..Peak (1999) N=3..............+16.6%.....27.............3
Average..Peak (1998) N=13............+18.3%.....18 ............3
Average..Peak (1997) N= 5.............+32.3%.....52.............7
Average..Peak (90-99) N=39...........+27.5%.....63 ............4

Average..Valley (1999) N= 4 ........... -11.2%......7 .............2
Average..Valley (1998) N=12 ......... -12.1%.....12 .............3
Average.. Valley (1997) N= 5...........-14.2%.....10 .............2
Average..Valley (90-99) N=39 .........-14.1%.....28 .............6

The Peabody 1999 Archives

4/15/99 PFE@130 "Moving higher from the Peabody Valley...After another bout of profit-taking in the am, PFE will rebound strongly on Friday..."

4/14/99 PFE@ 144 5/8 "Neutral with an upward bias...Be very alert!! PFE 1 Qt earnings could trigger a strong move up or down..If the move is down to the 140 level, another PFE buy opportunity will be upon us."

4/10/99 PFE@146 "Neutral with an upward bias...Particularly exciting week with many forces at play...Expect traditional profit-taking down to 140 before the run at 150..."
www3.techstocks.com

3/29/99 PFE@141: "Headed higher to an all-time high (144 1/2) and more.....PFE will propel pass 150 in April".
Message 8595595

3/28/99 PFE@135: " A PFE buying opportunity will surface this week....The basic PFE PFUNdamentals have never been stronger. In July, you will be wondering why you did not buy PFE at pre-adjusted split levels of 43-45 (129 to 135)."
Message 8569605

3/23/99 PFE@139.25: "PFE will reverse and move lower".
www3.techstocks.com

3/16/99 PFE@142.00: "PFE will reverse and move lower".
www3.techstocks.com

3/11/99 PFE@140.68: "PFE will reverse and move lower".
www3.techstocks.com

3/08/99 PFE@139.56: "PFE will reverse and move lower..long-term PFE is headed to the long-awaited $150 level."
www3.techstocks.com

3/07/99 PFE@136.56: "PFE will now battle @140..expect profit-taking at all-time highs and even a possible drop back to the high 120s."
www3.techstocks.com

2/28/99 PFE@131.94: "Expect a March trading range of 125 to 142".
www3.techstocks.com

2/23/99 PFE@ 133.88: "PFE moving higher to $140".
www3.techstocks.com

2/14/99 PFE@130.13: "Short-term trend "Neutral"...PFE could sink to another buying opportunity or jump to an all-time high".
www3.techstocks.com

2/09/99 PFE@125.25:" Be very alert for a buying opportunity this week."
www3.techstocks.com

2/02/99 PFE@ 132.69: "PFE will reverse and move lower....a final attempt @135 before the Valley ride begins".
www3.techstocks.com

1/31/99 PFE@128.88 :" Expect a February trading range of 119 to 135+". (Actual: 125 to 135)
www3.techstocks.com

1/28/99 PFE@127.56: "PFE has momentum and will break an all-time high and possibly the 130 level...but profit-taking will begin".
www3.techstocks.com

1/27/99 PFE@121.94: "3-4-1 and have PFun!...Thursday is the key day."
www3.techstocks.com

1/26/99 PFE@120.13: "PFE moving higher...positive trend will gain momentum."
www3.techstocks.com

1/24/99 PFE@115.75: "Near term direction unclear...positive PFE news to be announced"
www3.techstocks.com

1/10/99 PFE@122.25: "After 2 months, the Model has reversed and shows a positive upward trend....A PFE split announcement is guaranteed later this month with a 75% probability of a historic 3-1."
www3.techstocks.com

The PFE 1999 Split: All you need to know

-At the 4/22/99 Annual Meeting, shareholders will officially authorize increasing the number of outstanding shares to allow a 3-1 split.

-In the afternoon of 4/22/99, the PFE Board of Directors will meet and formally approve the 3-1 split and determine its effective date.

-The effective split date will probably be following the June 30, 1999 close..(based on the 1997 split which also became effective after the 1997 Annual Meeting.)

-A split does not increase the value of PFE. However, historically it certainly has not hurt the PFE price . Note PFE's growth during the split years:

Year Ending..... Dow ........PFE......% Chg .
Date................ Index.......Price.....Prior Year....Comments
12/31/87...........1,896........5.82......-25.0%....... Bear market/market crash
12/30/88...........2,169........7.25.......24.7%
12/29/89........... 2,753.......8.69......19.9%
12/31/90............2,634.......10.10.....16.2%
12/31/91............3,168.......21.00.......108.0%.....2-1 split (2/91)
12/31/92.......... 3,301.......18.13......-13.7%......Clinton elected president
12/31/93......... ..3,754........17.25.......-4.8%.......Healthcare reform pending
12/30/94......... ..3,844........19.32.......12.0%
12/29/95............5,177........31.50.......63.1% ......2-1 split (6/95)
12/30/96............6,448........41.50.......31.7%
12/31/97............7,908........74.56.......79.7% ......2-1 split (6/30/97)
12/31/98......... ..9,181........125.00......67.6%......Viagra approved (3/27/98)
04/16/99............10,494.......127.06...... 1.6%.....Celebrex launched (1/19/99)



To: BigKNY3 who wrote (7445)4/19/1999 3:26:00 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 9523
 
Jim LambRe: " RETINAL DAMAGE AND VIAGRA " By Dr.Marmor, Stanford Univsity:

The latest research showing on potential retinal damage from long
term Viagra use.
April 1999 :

Sildenafil (Viagra) and Ophthalmology

Editorial,
by
Michael F. Marmor, MD, Professor,
Dept. of Ophthalmology ,
Stanford University.

ama-assn.org.

TA
==========================================================

Editorial - April 1999

Sildenafil (Viagra) and Ophthalmology

Although the new and popular impotence drug sildenafil (Viagra; PfizerPharmaceuticals,
New York, NY) is prescribed for indications outside the field of ophthalmology, there
are several reasons why ophthalmologists need to be informed about the pharmacologic
characteristics of this agent and its potential side effects. The drug is intended primarily
for older men with vascular disease that impairs their ability to have an erection, and
many of
these individuals see ophthalmologists for ocular disorders of aging, such as macular
degeneration, or ocular vascular disease, such as diabetic retinopathy. A second point
of relevance is that the drug has a direct effect on the retina,[1] which probably accounts
for many of the visual side effects that have been reported. We must be able to reassure
patients (and our medical colleagues) about acceptable side effects while warning them
of potential toxic effects. A third concern is that because of the great demand for
sildenafil, some ophthalmologists may be asked by patients to prescribe the drug.
Finally, although the drug has been deemed safe by the Food and Drug Administration,
the long-term data on ocular safety are not as complete as they might be, especially
since this drug has a high potential for self-dosage at levels that are too high or too
frequent and many prospective patients have underlying retinal disease that could put
them at greater risk of toxic effects.
A degree of caution about the ophthalmic risks
seems prudent until more clinical information has been gathered.

Sildenafil is a selective inhibitor of phosphodiesterase 5 (PDE-5) that is
active in the vascular smooth muscle of the corpora cavernosa in the penis.
Sexual stimulation causes a release of nitric oxide in the corpus cavernosum,
which activates guanylate cyclase to increase the level of cyclic guanine
monophosphate (cGMP), which relaxes the smooth muscle and allows an
inflow of blood. By blocking PDE-5, sildenafil greatly enhances the effects
of nitric oxide and enhances the patient's ability to have an erection. The
drug has relatively few systemic side effects (headache most prominently),
although there is some slight risk of systemic vasodilatory effects[2-4];
however, patients taking nitroglycerine or other agents that can increase
nitric oxide activity are at serious risk for a life-threatening drop in blood
pressure.

There is a small risk that these vascular effects might be reflected in the eye
with an increase in choroidal blood flow or choroidal congestion. A small
percentage of patients report flushing or nasal congestion, but no changes in
intraocular pressure have been observed.[2-4] There is also a definite risk of
retinal side effects because sildenafil acts directly on the phosphodiesterase
(PDE-6) in photoreceptor outer segments that modulates the transduction
cascade.[1,5] Although sildenafil was designed as a specific PDE-5
inhibitor, it is roughly 10% as effective in blocking PDE-6. That is enough to
modify the transduction process. The outer segments of rods and cones have
a high concentration of cGMP in the dark, which acts to hold open the
sodium channels in the cell membrane. When light is absorbed by rhodopsin
or cone pigment, it activates an intermediary protein called transducin, which
in turn activates PDE-6 to break down cGMP. The resultant fall in the
concentration of cGMP allows the sodium channels to close and the
photoreceptor to hyperpolarize. This negative voltage or "receptor potential"
is the initial neural event of vision. While fluctuating levels of cGMP are
physiologic (cGMP levels rise every night in the dark), there are also reasons
to be concerned about pharmacologically induced rises in cGMP
concentrations. Rats and dogs that have hereditary abnormalities in the
PDE6 gene have permanently high levels of cGMP, which cause the
photoreceptors to degenerate, and defects in the PDE6 gene cause a type
of autosomal recessive retinitis pigmentosa.

The preclinical experimental data on sildenafil have shown that the
electroretinogram in rats and dogs is relatively unaffected by sildenafil at
ordinary clinical doses but shows a loss of amplitude and a delayed response
when very high doses (up to 10 times the normal dose) are given.[1] The
manufacturer (Pfizer Pharmaceuticals) reported at an oral presentation at the
meeting of the Association for Research in Vision and Ophthalmology (May
13, 1998, Fort Lauderdale, Fla) that no retinal degeneration was observed,
even in rats or dogs given high daily doses for 1 year.
These studies have not
been peer-reviewed or published, however, and no studies have been done
on animals with retinal diseases that simulate conditions such as retinitis
pigmentosa, macular degeneration, or diabetic retinopathy that will be
present in some of our patients taking the drug.
Pfizer states that patients
with diabetic retinopathy have so far shown no difference in visual symptoms
from nondiabetic patients. A group of individuals who might be at particular
risk are unsuspecting heterozygote carriers of a PDE6 gene defect, for
whom the drug might have an accentuated retinal effect.


A significant percentage of men taking sildenafil have reported a bluish tinge
or haze to their vision and some increased light sensitivity.[2-4] These visual
symptoms are reported to occur in only 3% of men taking low doses of the
drug (25-50 mg) but in 11% of men taking 100 mg (the highest
recommended dose) and approximately 50% of men taking more than 100
mg.[6] Although the highest recommended dose is 100 mg, in studies in
which men have had a supply of pills at their disposal, some users have
taken the drug more frequently or at higher doses than recommended. The
visual symptoms usually peak an hour or 2 after taking the drug and
disappear 3 or 4 hours later. So far, no long-term symptoms have been
documented by Pfizer, nor has the frequency of these symptoms increased
with the duration of sildenafil usage. At the higher dose levels of sildenafil
(100-200 mg), mild abnormalities in color vision have been documented
with Farnsworth-Munsell 100-hue testing, but again, no long-term or
persistent abnormalities were found.[7-9] Visual acuity and contrast
sensitivity were not affected. On the other hand, Pfizer conducted only one
inconclusive, short-term electroretinogram study on sildenafil usage in
humans[9] and did not do any long-term electroretinogram studies to rule
out retinal damage.
While visual symptoms and psychophysical tests can be
subtle indicators of some types of retinotoxic effects, they do not always
correlate precisely with the degree of physical damage.

For example, some
patients with retinitis pigmentosa lose 80% to 90% of their retinal function
before complaining of visual symptoms
. With this new drug it would seem
circumspect to have objective as well as subjective data about long-term
retinal effects.

Since there is no clear or present evidence of retinal toxic effects, it does not
seem necessary to advise against the use of sildenafil by ophthalmologic
patients, including those with retinal disease; however, ophthalmologists
should make sure that their patients are fully informed about the potential
risks. Patients and general physicians need to understand that this drug
cross-reacts with a critical enzyme in the retina, and that the symptoms of
blue vision and light sensitivity represent a direct effect on the eye. Patients
with retinal degenerations, such as retinitis pigmentosa, should be especially
cautious about this agent (a warning to this effect is contained in the package
insert)
. The drug is new, and while preclinical safety studies were
encouraging, there are always risks of unexpected side effects with new
drugs, as society has learned from agents like thalidomide and fen/phen
(fenfluramine and phentermine). Ophthalmologists need to be aware of the
likelihood of visual symptoms (such as blue vision and light sensitivity) in
sildenafil users and should urge patients to take the lowest recommended
doses
and avoid use of this drug at levels beyond the manufacturer's
recommendations. They should also be alert to any unexpected or persistent
visual symptoms and to any vascular events in the eye that seem to
accompany sildenafil usage, so that, over time, a more secure base of
knowledge about the safety and risks of this new drug will be developed.

Michael F. Marmor, MD
Stanford, Calif

Accepted for publication December 1, 1998.

Corresponding author: Michael F. Marmor, MD, Department of
Ophthalmology, Room A-157, Stanford University Medical Center,
Stanford, CA 94305-5308 (e-mail: marmor@stanford.edu).

References

1. Center for Drug Evaluation and Research. Viagra Tablets (Sildenafil
Citrate): Review and Evaluation of Pharmacology and Toxicology
Data for NDA-20-895. Washington, DC: Division of Cardio-renal Drug
Products, Center for Drug Evaluation and Research, Food and Drug
Administration; 1998:19-21.

2. Center for Drug Evaluation and Research. Viagra (Sildenafil): Joint
Clinical Review for NDA-20-895. Washington, DC: Center for Drug
Evaluation and Research, Food and Drug Administration; 1998.

3. Viagra [package insert]. New York, NY: Pfizer Pharmaceuticals; 1998.

4. Goldstein I, Lue TF, Padma-Nathan H, et al, for the Sildenafil Study
Group. Oral sildenafil in the treatment of erectile dysfunction. N Engl J Med.
1998;338:1397-1404.

5. Center for Drug Evaluation and Research. Animal pharmacology:
mechanism of action: section 4.2. In: Viagra (Sildenafil); Joint Clincal
Review for NDA-20-895. Washington, DC: Center for Drug Evaluation and
Research, Food and Drug Administration; 1998.

6. Center for Drug Evaluation and Research. Phase I investigator-blind,
placebo-controlled, evaluation of safety, toleration, and pharmocaokinetics
of sildenafil following escalating single oral doses in healthy male volunteers:
study 148-004. In: Viagra (Sildenafil): Joint Clinical Review for
NDA-20-895. Washington, DC: Center for Drug Evaluation and Research,
Food and Drug Administration; 1998.

7. Center for Drug Evaluation and Research. A double-blind, randomized,
placebo-controlled, four-period crossover study to assess the effect of orally
administered sildenafil (50, 100, and 200 mg) on visual function in healthy
male volunteers: study 148-223. In: Viagra (Sildenafil): Joint Clinical
Review for NDA-20-895. Washington, DC: Center for Drug Evaluation and
Reseach, Food and Drug Administration; 1998.

8. Center for Drug Evaluation and Research. A randomized, double-blind,
placebo-controlled, crossover pilot study to investigate the effects of a single
oral tablet dose of sildenafil (200 mg) on visual function (electroretinogram,
photostress, visual field and color discrimination tests) in healthy male
volunteers and patients with diabetic retinopathy: study 148-232. In: Viagra
(Sildenafil): Joint Clinical Review for NDA-20-895. Washington, DC:
Center for Drug Evaluation and Research, Food and Drug Administration;
1998.

9. Center for Drug Evaluation and Research. Amendment to Clinical Review
of 22 January 1998: Effects of Sildenafil on the Electroretinogram in Study
148-232. Memorandum issued on May 8, 1998, by Norman Stockbridge,
MD, PhD, Division of Cardio-renal Drug Products, Center for Drug
Evaluation and Research, Rockville, Md. Available at:

fda.gov.

(Arch Ophthalmol. 1999;117:518-519])








To: BigKNY3 who wrote (7445)4/19/1999 7:15:00 AM
From: Albert Martin  Read Replies (2) | Respond to of 9523
 
On CNBC...PFE up on Instinet due to super orders for Viagra from Singapore which just started buying.

Should be a pretty good day!
Albert