1. Drug-Data Chasm Punishes Small Investors.
- Author
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Landers, Peter
- Subjects
- *
PHARMACEUTICAL industry , *INFORMATION services , *BUSINESS literature , *FINANCE literature , *ECONOMICS literature , *BUSINESS forecasting , *INVESTORS , *RESEARCH - Abstract
Highlights a chasm within the pharmaceuticals industry with respect to the information available to large and small investors. Recount of the situation involving Schering-Plough Corp., whose stock was battered after big investors had access to detailed industry databases that were not available to small investors; Requirements of drug companies with respect to sales-reporting to investors; Costs associated with reports from IMS Health Inc. and NDCHealth Corp., two suppliers of drug-information, who cull data from several pharmacies daily to give subscribers day-to-day tallies of the number of and sales value of prescriptions filled; Comments from Richard Evans, a pharmaceutical-industry analyst at Sanford C. Bernstein & Co., regarding the prescription data in the daily reports; Comparison of other industries' reports and that of the pharmaceutical industry, suggesting the gap between public and private data in the drug industry is larger than most.
- Published
- 2003