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Abbott/Boehringer's Mobic Sales Surge On COX-2 Safety Concerns

This article was originally published in The Pink Sheet Daily

Executive Summary

Sales of the non-steroidal anti-inflammatory agent jumped 177% in the fourth quarter on the heels of Merck's withdrawal of Vioxx. Abbott expects sales of Mobic to reach $1 bil. in 2005. The levothyroxine brand Synthroid is retaining 70% of the share it held before entry of generic competition.
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