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| | Genentech in Competition With Itself on Eye Drug - New York Times |
 | | Lucentis, a drug being developed by Genentech to treat an eye disease that causes blindness in the elderly, is facing competition from a drug that some doctors say they think is as effective, but less than one-tenth the price. |
 | | The other Genentech drug is the blockbuster Avastin, which is approved for treatment of colorectal cancer. |
 | | Shares of Genentech fell $3.28, or 4 percent, to $82.55 yesterday after Eric Schmidt, an analyst at SG Cowen, reduced his estimate for peak annual sales of Lucentis to $600 million, from $1.1 billion, citing potential competition from Avastin. |
| www.nytimes.com /2005/09/27/business/27place.html?ex=1285473600&en=738ed22a398e8d5c&ei=5088&partner=rssnyt&emc=rss (982 words) |
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