Healthcare >> Analyst Interviews >> March 24, 2003

Outlook For Major Pharmaceuticals: Barbara Ryan – Deutsche Bank Securities Inc

BARBARA RYAN, Managing Director of Deutsche Bank Securites Inc., joined the firm in September 1999 as a Senior Analyst covering pharmaceuticals, focusing primarily on the majors. She has been twice recognized by The Wall Street Journal All-Star Analyst Survey and is a two-time member of the Institutional Investor All-America Team. She has been following the US pharmaceutical industry since 1982, and spent the first eight years at Bear, Stearns & Co. She followed that with two years at Prudential Securities, and joined Alex. Brown in 1992, where she covered the pharmaceutical and distribution companies. She studied at the University of Massachusetts, and majored in Finance. Profile
TWST: Barbara, could we start out with an overview of your


Ms. Ryan: I cover the US-based large cap pharmaceutical industry.

TWST: What has gone on in that group over the past