Grrh part 2.

Well, My portfolio is rather heavy in biotechnology and Chinese stocks. So as you can imagine the past few days were pretty bad.

Now I am betting that the FDA will be scared to approve any drug that has even the slightest safety problem after the recent Glaxo Avandia bruhaha. Thing has been tough after the Vioxx case, that resulting the FDA approving less drug. Now, I bet the FDA will be scared to approve any drug application, even when the potential benefit may greatly outweigh the risk, unless it has squeaky clean profile. No one wants to be in congressional/senate hearing years from now if a drug approved today ended up having higher risk profile than initially thought.

I was enjoying some nice run with my little portfolio of Asian and Chinese stocks and ETF's. But then my old friend, Alan Greenspan, just had to take the punch bowl away, warning the market that a correction in Chinese market is imminent.

OK maybe now I should start buying gold bullions instead.

What Do You Think About Pfizer?

Wow, it seems that people don't have much respect for Pfizer, the giant drug company that dedicates itself to humanity's quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer, and animal health products. I was browsing through the Biofind Rumor Mill, a message board where pharmaceutical and biotechnology industry insiders share "insightful information" about the industry and players.

This thread titled "5 words that come to mind when u hear Pfizer" attracted my attention today. And at the time of writing, I can only find five neutral/positive posts in there. two of which were at the beginning of the thread:

* Caring, happy, children, smiling, women.
* ha, ha, ha, ha, ha

Well, it went downhill from there. Most of the positive toned comments I found were mostly about the company's leading Erectile Dysfunction pill:

* PILLS THAT GIVE GREAT ERECTIONS!
* My Grandfather Has Sex Now!

And another one is not really an opinion, but hinted at Pfizer's possible M&A strategy.

* Looking to buy Abbott Labs

Some of the classic ones:

* I've no intention of staying
* change, turmoil, lack of productivity, downhill, demise
* You paid Hank how much?

There are some other good ones in the thread, but I decided not to post them here. I am trying to keep this site at least PG-13 rated.

Well, I suspect that the people who posted in the thread are probably mostly disgruntled Pfizer (former) employees. And like everything else, people who are happy about something tend to be quieter. But I think this thread suggested that Pfizer's PR has some work to do.

Disclaimer: I and my relatives don't own Pfizer stocks, but I own some Abbott stocks.