Biotech Values

[microcapfun]

>>A crude measure of the macroeconomic climate is the willingness of consumers to undergo self-pay elective procedures now rather than putting them off. Laser-vision correction fits this profile; procedure counts are down 25-30% versus a year ago.<<

On the other hand ...

>>Botox sales jumped 13% to $315.5 million. With Botox sales on the rise, one would wonder if we are really in an economic recession or has looking good become a necessity?
A survey conducted by the American Society for Dermatologic Surgery found that despite the economic concerns the use of fillers and Botox are on the rise. Twenty-eight percent of the survey physicians said that their current use of fillers increased up to 30 percent, compared to six months ago and more than 40 percent of survey respondents stated that the number of Botox procedures also increased compared to six months ago.<<

http://www.marketwatch.com/news/story/despite-bad-economy-botox-sales/story.aspx?guid=%7BF0607056-0DBF-4C3A-A004-FE027DD69E17%7D&dist=hppr


>>Despite the slowing economy, Allergan recorded the following sales of cosmetic-medicine products in the quarter that ended June 30:

Botox, $347.8 million, up 9.0 percent from the second quarter of 2007.
Breast implants, $88.5 million, up 7.1 percent.
Facial aesthetics such as the dermal filler Juvederm, $64.2 million, up 23.1 percent.<<

http://inyourface.freedomblogging.com/2008/07/30/botox-breast-implants-fillers-grow-in-popularity-despite-slow-economy/

micro