A Troubling Lab Report 6-4-07
4862 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by Barrons
DESCRIPTION:

Date updated:06-02-2007

FANS OF ABBOTT LABORATORIES ARE FOCUSED on the company's launch of a new drug-coated cardiac stent, which they believe could trump competitors' products and snare up to 40% of the $5 billion market. Expectations for the product have helped fuel a 50% increase in the past 18 months in shares of the Abbott Park, Ill.-based health-care concern, which closed Friday at 56.30.

But investors may be overlooking the fact that most of Abbott's profits come from its slower-growth, lower-multiple pharmaceutical division, not jazzy technologies. And some prominent doctors have started questioning the safety and efficacy of one of Abbott's best-selling drugs, TriCor, which helps patients lower triglycerides, a type of non-cholesterol fat.

symbol name last price % change open
  • +
  • GSK
    Glaxosmithkline P
  • $41.47
  • -0.67%
  • $41.54

Concerns about fenofibrate center on creatinine, a substance produced by the muscles and eliminated by the kidneys. A rise in creatinine typically indicates some sort of kidney malfunction. Fenofibrates and other fibrate drugs have been known to result in elevated creatinine levels. A study published in March in the Journal of the American Medical Association by Dr. Steven Nissen, chairman of the department of cardiovascular medicine at the Cleveland Clinic, showed that 19 patients, or 38% in a control group that took fenofibrate, saw their creatinine levels rise above what is considered the upper limits of normal

People owning GSK also tend to own: ABTDGXEPDFMDJNJJOSBJTX

TheStreet.com Rating: B- What is this?

  • +
  • MRK
    Merck Co Inc
  • $35.33
  • +0.54%
  • $35.09

Nissen also raised concerns about Vioxx as well

People owning MRK also tend to own: ACASCLPHPQPHISHFLVZBR

TheStreet.com Rating: B- What is this?

  • +
  • ABI
    Safety First Trus
  • $11.20
  • -3.45%
  • $11.53

Barrons feels that the stock is pricey at 56- especially as questions about TriCor seem destined to grow

People owning ABI also tend to own: FXEFACTADPCXINTCLUKBAC

TheStreet.com Rating: No Rating What is this?

  • +
  • AMGN
    Amgen Inc.
  • $56.06
  • -0.14%
  • $56.05

No Analysis added

People owning AMGN also tend to own: APABACCCOPCVXDOWDRE

TheStreet.com Rating: B What is this?

  • +
  • DNA
    N/a
  • $80.43
  • 0.00
  • $80.43

No Analysis added

People owning DNA also tend to own: AAPLDSCMGOOGXOMDWELXGLW

TheStreet.com Rating: No Rating What is this?

  • +
  • ABT
    Abbott Laboratori
  • $52.96
  • -0.41%
  • $52.89

No Analysis added

People owning ABT also tend to own: DGXEPDFMDGSKJNJJOSBJTX

TheStreet.com Rating: A- What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Cramer's Take on Headline Stocks...

Not a Stockpickr member? Join the community today -- for free.Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about...

11.20.09 | 11:48 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 20, 2009 According to Jim Cramer, options expiration is driving the current market selloff. He pointed out that the only stocks that we...

11.20.09 | 08:09 AM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 19, 2009 According to CNBC’s “Fast Money” traders, the stock market is showing no signs of stopping its current bull run. Joe Ter...

11.19.09 | 11:13 AM
Squeezing the Shorts: Earnings G...

By Jonas Elmerraji Posted on Nov. 18, 2009 There are plenty of reasons for stocks to have the attention of short-sellers. Waning financials, a deteriorating business mo...

11.18.09 | 12:36 PM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
Wealth distribution by race and ...
11.23.08 | 18:44 PM From author Valerie J
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
more forums
Q. I am a studetn about to graduate...
11.20.09 | 23:08 PM Asked by Amanda Bowen

A. Long term investment considerations: 20%
in OIH ETF; 10% in GDX ETF and 10% in
GDXJ (Van Eck Jr Gold Mining) ETF . . .
If your grandparents were thoughtful
enough to provide you with funds to
become actively involved in the
trading/investing world, communicate
with them on a regular basis in order to
compare their point of view/insight with
other reliable sources . . . including
those reflected on Online School @
http://www.onlineschools.org/2009/10/22/
100-best-blogs-for-future-investors/
and ValueWiki @
http://blog.valuewiki.com/2007/02/26/top
-100-finance-blogs/

Be open/flexible, resourceful, and
pursue due diligence (research). Best of
luck.

today 's lists
52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Nov. 20, 2009. more

Stocks With Unusual Option Activity

Unusually active options can often indicate that a major event in a stock is about to take place, or that unsophisticated investors (using options in lieu of leverage) are ... more

TheStreet.com TV Videos

These are some of the stocks mentioned on TheStreet.com TV recently. Click the URL below each stock to watch the videos. more