Generics are now being sold. Why would someone pay $300 for lexapro if they can now get generic celexa for $100 (40mg 100 tablets).In truth the psychcopharm research shows no difference between 10 mg of Lexapro and 40 mg of celexa. This is my clincial experience as as a professional in the field.Forrest Labs hopes if they give PCPs enough samples of Lexapro they will start their patients on Lexapro rather than celexa.I think this will get hard to continue with pressure from MCO formularies that will push generic celexa by copayment Tiering.Whether all this is baked into the stock and it stablizes at 40, is beyond me. I am long the stock. Perhaps there other drugs FRX has that have potential, but this is out of my expertise.
Cramer recommended FRX 20 points above current price.He recommended Intc and TXN several months ago when they were both 30% higher.He recommended comcast when it was 20 points higher.He spoke like God that after June 30th the market will explode on the upside,Now he says sell all drug stocks and blames all of his mistaken calls on Bush.Once think I have learned the hard way is "Don't listen to Cramer."