PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.: Schering-Plough drops another 6% and is now below $14.
screen2largeMM

Dr. Rost provides services as a pharmaceutical marketing expert witness. For more info see: Drug Expert Witness. Dr. Peter Rost email. Copyright © 2006-2013 InSync Communication. All rights reserved. Terms of use agreement, privacy policy and the computer fraud and abuse act.
.

PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.

Peter Rost, M.D., is a former Pfizer Marketing Vice President providing services as a medical device and drug expert witness and pharmaceutical marketing expert. Judge Sanders: "The court agrees with defendants' view that Dr. Rost is a very adept and seasoned expert witness." He is also the author of Emergency Surgery, The Whistleblower and Killer Drug. You can reach him on rostpeter (insert symbol) hotmail.com. Please read the terms of use agreement and privacy policy for this blog carefully.

Schering-Plough drops another 6% and is now below $14.

Things are going from bad to worse to unbelievable over at Schering-Plough. Normally we'd have expected the dead cat bounce by now, but Schering-Plough stock, in spite of being quite oversold, is not bouncing; it is dropping faster than a cheap penny stock scam.

I guess releasing the full email record that demonstrated the rage of the ENHANCE lead investigator didn't help.

Meanwhile, the company today announced it will cut costs in the range of $1.5 billion. This indicates that Fred thinks Vytorin/Zetia sales will drop from $5 billion to around $2 billion, and his share of the loss will be about $1.5 billion.

With less than 10% cost of goods for pharmaceuticals, it is likely that his 50% share of a $3 billion loss, $1.5 billion, would result in a a profit decrease of around $1.3 billion.

New prescriptions were already down by 50% before the ACC meeting this weekend.

Meanwhile, credit rating agency Fitch Ratings said Wednesday it placed Schering-Plough on negative rating watch.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home