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Ahead of the Bell: Analyst questions Pozen drug sales



By AP
21 April 2008 @ 08:21 am EST

NEW YORK - A Cowen analyst expects limited success for Pozen and GlaxoSmithKline's migraine drug Treximet due to generic competition and reimbursement questions.

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POZN 8.78 -0.44
GSK 36.35 -2.15

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Treximet combines Glaxo's drug Imitrex with an anti-inflammation treatment. The Food and Drug Administration approved Treximet Wednesday. But analyst Steve Scala said generic versions of Imitrex will reach the market in November, reducing Treximet sales.

Although Scala said Treximet is more effective and convenient than its competitors, health insurers may not reimburse patients for the drug.

Also on Monday, Broadpoint analyst David Lickrish downgraded the Chapel Hill, N.C., company's stock to "Underperform" from "Neutral."

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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