Word: analysts
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Dates: during 1990-1999
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...brand-name pharmaceutical companies such as American Home Products and Merck to extend patents on their drugs or prevent others from manufacturing them. "Generics are caught in a squeeze, which is why only half the 24 publicly traded companies in the industry are profitable," says Jerry Treppel, an analyst at Warburg Dillon Read. Mylan is in the potent half, having earned $100 million on revenues of $550 million last year. Its stock price closed last week at $27.31, down from a recent high...
...while the drugstore market may be "ripe for the picking," as Forrester analyst Kate Delhagen argues, it's not low-hanging fruit. A sick person is not going to wait the necessary three to five shipping days for delivery of antibiotics. Instead, the online stores are focusing on people who at regular intervals order maintenance medication for everything from impotence to high blood pressure and high cholesterol. These are the drugstores' most coveted customers, and their purchases make up half the $100 billion prescription business...
...rise of managed care, close to 80% of prescriptions are now covered by third-party insurers. To capture a good chunk of the business, online drugstores "have to negotiate separately with thousands of plans, and that's going to take a long time," cautions Mark Husson, a retail analyst at Merrill Lynch. Even Neupert, who's secured only 12 such agreements so far, concedes that many prescription-benefit managers (like PCS, which Rite Aid recently acquired) aren't likely to sign up a competitor. Nor will the websites be able to undercut the stores on prices all that much; managed...
Attendees with more experience, such as Carpenter, a member of the coalition's board and a financial analyst for General Electric, who is also the political and legislative director of the Democrats of America, said he attended the convention because it was about the future...
...Attendees with more experience, such as Carpenter, a member of the coalition's board and a financial analyst for General Electric, who is also the political and legislative director of the Democrats of America, said he attended the convention because it was about the future...