My Secret Source for Pfizer Info
I have a Secret Source. An incredibly smart guy who writes much better than I do. He noted that I had missed an important point in my Pfizer analysis, "More fizz at Pfizer?"
And he suggested I take credit for this brainy analysis, but my conscience tells me I can't.
Here it is:
PFE's joint venture with Neurocrine to develop the sleep drug Indiplon fell apart after Indiplon failed to pass the FDA. Pfizer now has no sleep drug. It could acquire Sepracor and jump to number 2 in the sleep market (with Lunesta), but it would have to eat Lunesta's massive advertising costs which are something crazy like 50% of revenues. I doubt the beancounters at PFE would appreciate those margins.
The other reason PFE might want to buy Sepracor? Sleep drugs are frequently abused and prescribed for weird off label purposes (like depression) and you know how PFE can't resist acquiring a company that turns out to have off label legal problems ... not that i'm suggesting in any way that Sepracor has anything like that going on ...
Funny guy, my Secret Source. And smart.
If you too, want to become a Secret Source, feel free to write me on email@example.com.