RE: [CANSLIM] canslim stocks

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] canslim stocks
Date: Thu, 1 Aug 2002 16:51:08 -0400
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Please note the usual operative phrase, paragraph 2:  "...but it is
unclear whether it has the support to pass."  This is a euphemism for,
"...it's clear the winner will be the boys with the bucks (read: drug
companies)."

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois
Sent: Thursday, August 01, 2002 2:23 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] canslim stocks


Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml

                   Senate Passes Bill on Generic Drugs 

                        NewsMax.com Wires
                        Thursday, Aug. 1, 2002 

                   WASHINGTON - The Senate passed a bill Wednesday that
could
                   make cheaper generic drugs more rapidly available and
save
                   consumers billions - or hamper development of
pharmaceuticals. 

                   A similar bill has been introduced in the House, but
it is unclear
                   whether it has the support to pass.

                   The Senate bill, sponsored by Sens. Charles Schumer,
D-N.Y., and
                   John McCain, R-Ariz., attempts to curb lawsuits filed
by
                   brand-name drug manufacturers that claim a generic
drug infringes
                   upon their patent and automatically prevents the
generic from
                   coming to market for 30 months. 

                   Under the current system, drug manufacturers can file
multiple
                   patent infringement lawsuits, thereby keeping
generics off the
                   market for years. Meanwhile, the brand-name drug
continues to be
                   sold at a higher price. Generic versions of
brand-name drugs
                   typically result in a dramatic reduction in the price
of the drug but do
                   not advance pharmaceutical research.

                   The Senate bill limits automatic 30-month stays to
patents the
                   brand name carries at the time it is approved.
Brand-name drug
                   manufacturers can still challenge infringement upon
patents that are
                   added after approval, but they must first get the
approval of a
                   judge.

                   Republicans opposing the bill, including Sen. Judd
Gregg, R-N.H.,
                   and brand-name drug companies maintained that the
bill would
                   reduce profits and the amount of money that could be
spent on
                   research and development. Ultimately, it would stifle
the
                   development of innovative new drugs, they said. 

                   "The only thing they have to worry about are weak
bogus patents ...
                   that they could not support before a judge," Ben
Peck, legislative
                   representative for the self-described consumer
advocacy group
                   Public Citizen, told United Press International.

                   Sen. Robert Torricelli, D-N.J., reprimanded Tuesday
by the Senate
                   Ethics Committee, said the bill could reduce drug
costs by up to 65
                   percent and save consumers $60 billion over the next
decade.



Larry Worden wrote:
> 
> what about (TARO) ?  the generic drugs should do will in this 
> environment.
> ----- Original Message -----
> From: <Spencer48@aol.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, August 01, 2002 7:51 AM
> Subject: Re: [CANSLIM] Cramer-off topic
> 
> > David, zillagirl:
> >
> >      I remember in the 80's during the S&L scandals, the CEO of the 
> > chief
> S&L that defrauded despositors was found guilty in court.  But he had 
> moved many of his assets to Florida, and bought many more (including a

> horse ranch)-and the Florida laws protected him.
> >
> >      So, even though he was found guilty, he did not have to 
> > disgorge many
> of his profits of his ill-gotten gains.
> >
> >                              jans
> >
> >
> > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard 
> > Time,
> dougald@dmv.com writes:
> >
> > > I do not see how it is going to stop anyone from building a 
> > > million
> dollar
> > > House.  Unless,of course, something is done about Florida. As a 
> > > matter
> of
> > > interest, iUnder the present law if you think you are about to go
> bankrupt
> > > you  can always move to Florida ,where your home is immune to the 
> > > Bankruptcy Laws.  For example  O.J. Simpson lives in Florida
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the 
> > email body, write "subscribe canslim" or -"unsubscribe canslim".  Do

> > not use quotes in your email.
> 
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or -"unsubscribe 
> canslim".  Do not use quotes in your email.


- -
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