Re: [CANSLIM] canslim stocks

From: Lois <ldibbs@comcast.net>
Subject: Re: [CANSLIM] canslim stocks
Date: Thu, 01 Aug 2002 13:23:18 -0500
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Larry,
http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml

                   Senate Passes Bill on Generic Drugs=20

                        NewsMax.com Wires
                        Thursday, Aug. 1, 2002=20

                   WASHINGTON =96 The Senate passed a bill Wednesday =
that
could
                   make cheaper generic drugs more rapidly available =
and
save
                   consumers billions =96 or hamper development of
pharmaceuticals.=20

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

                   The Senate bill, sponsored by Sens. Charles Schume=
r,
D-N.Y., and
                   John McCain, R-Ariz., attempts to curb lawsuits fi=
led
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.=20

                   Under the current system, drug manufacturers can f=
ile
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 pr=
ice
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 upo=
n
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 sti=
fle
the
                   development of innovative new drugs, they said.=
=20

                   "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 Tuesda=
y
by the Senate
                   Ethics Committee, said the bill could reduce drug
costs by up to 65
                   percent and save consumers $60 billion over the ne=
xt
decade.



Larry Worden wrote:
>=20
> what about (TARO) ?  the generic drugs should do will in this envir=
onment.
> ----- 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
>=20
> > David, zillagirl:
> >
> >      I remember in the 80's during the S&L scandals, the CEO of t=
he chief
> S&L that defrauded despositors was found guilty in court.  But he h=
ad moved
> many of his assets to Florida, and bought many more (including a ho=
rse
> ranch)-and the Florida laws protected him.
> >
> >      So, even though he was found guilty, he did not have to disg=
orge many
> of his profits of his ill-gotten gains.
> >
> >                              jans
> >
> >
> > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard T=
ime,
> dougald@dmv.com writes:
> >
> > > I do not see how it is going to stop anyone from building a mil=
lion
> 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.
>=20
> -
> -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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