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


To: Anthony Wong who wrote (7738)5/26/1999 8:43:00 AM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
FOCUS-Court rules against UK Viagra limits

(Rewrites with quotes, reaction, details) By Richard Meares

LONDON, May 26 (Reuters) - Britain's initial attempts to limit Viagra
on the state-funded National Health Service were branded illegal on
Wednesday by the English High Court. Pfizer Ltd <PFE.N>, the British
arm of the U.S. makers of the blue anti-impotence drug, hailed its legal
victory but complained newer government guidelines from July, not
covered by the ruling, meant the drug would still not be freely available.
Ruling on Pfizer's legal challenge, the court said original government
advice to doctors to prescribe Viagra for free only in exceptional
circumstances was unlawful.

Judge Justice Collins said the advice, given in a circular issued by the
Health Department after the drug was approved for use in Britain last
September, compromised doctors.

"This was intended to be acted on by GPs (doctors) independently of
whether, in their professional judgement, a patient needs treatment for
erectile dysfunction and so should have the better treatment available,
namely Viagra," he said.

"Thus I am satisfied that the circular was and is unlawful."

The government was granted leave to appeal. Pfizer said it would
announce very soon if it would sue for lost profits.

Pfizer had argued that the advice was illegal because Viagra was not
on Department of Health lists of restricted drugs.

Health Secretary Frank Dobson has superceded the circular with more
detailed guidelines that come into force in July.

He said NHS prescriptions of the drug, which costs nearly five pounds
($8) a tablet, should be limited to men who have been treated for
prostate cancer and patients with conditions such as diabetes, multiple
sclerosis and Parkinson's Disease.

Those who do not qualify can pay for the drug themselves after
receiving a prescription from their doctor.

"This judgment has made it clear that life has moved on," Dobson said
after Wednesday's ruling.

"The procedure we have followed in developing the new criteria for
Viagra on the NHS...is in line with the judgment."

The British Medical Association (BMA) says the government is
discriminating against impotency sufferers who do not meet its strict
criteria.

The BMA welcomed Wednesday's ruling, and said its position all along
had been that doctors should ignore the advice and prescribe the little
blue diamond "as clinically appropriate".

It said this recommendation would stay in force until July.

Justice Collins said evidence before him suggested that 1.8 million
British men suffered complete erectile dysfunction and another eight
million were partially affected.

He said Viagra was regarded as the most desirable treatment
available for a condition which can lead to depressive illness and loss
of self-esteem and confidence.

But he acknowledged prescribing Viagra without limit would cost the
NHS tens of millions of pounds (dollars) a year.

Dobson says the budget for treating impotence could spiral to 10 times
the current outlay of 10 to 12 million pounds.

Funding of Viagra has caused a storm about treatment rationing in
Britain, with some doctors and the BMA saying sufferers should be
entitled to free access.

Its cost has troubled health authorities around the world.

Neighbouring Ireland said this month impotent men would be able to
get free Viagra from doctors, but only four tablets a month -- the same
ceiling that Britain wants to impose.

Britain has said its policy is not out of line with others.

"With the exception of Sweden, Viagra is not generally available in
European Union countries at the expense of their healthcare system,"
the Department of Health said this month.

Sales of Viagra worldwide slipped in the first quarter of this year to
$193 million from $236 million in the last quarter of 1998 as some of
the hysteria, which made it the fastest-selling new drug ever last year,
subsided.

But analysts expect full-year sales to top $1 billion.


moneynet.com@NEWS-P2&Index=0&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=&NAVSVC=News\Company



To: Anthony Wong who wrote (7738)5/26/1999 8:51:00 AM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
Stock Selection: How the Pros are Betting to Win
LA Times, May 25 1999
latimes.com