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This kind of deal is "a model we're likely to see more of as big pharmas and big biotechs try to incorporate these new technologies into their drug-discovery programs," says Ernst & Young analyst Scott Morrison. And in this case it seems to be working. CuraGen has presented Bayer with 24 targets for drug development...
...bioinformatics isn't just about genes and proteins anymore. "It's now used to describe how to manage and integrate all information from the drug-discovery process through clinical trials," says Pradip Banerjee, an analyst at consultancy Accenture. That's why drug giant Merck bought Kirkland, Wash.-based Rosetta Inpharmatics, a leader in the field, for $620 million last May. The much touted convergence of biotechnology and computing, it seems, has revolutionized a host of other fields...
LAURA MARTIN Entertainment Expert Her high profile was heightened further after Sept. 11 when Martin, an analyst for Credit Suisse First Boston, downgraded all cable and entertainment companies in her portfolio. Three weeks later the Pasadena, Calif., office out of which Martin, 43, worked was shuttered, and she was laid off. But as of Jan. 1, she will join Vivendi Universal as vice president for investor relations...
Parsons also has work to do on Wall Street. "Ideally, you want to underpromise and overdeliver," he says. "To the extent that we've lost credibility, repairing it is important." And not so easy. On Friday, Merrill Lynch analyst Jessica Reif Cohen lowered her earnings estimates for this year and next, pointing to clouds ahead. AOL is adding new subscribers at the rate of 12,800 a day--14% less than at the same time last year. AOL Time Warner is locked into a deal, made by AOL in the last days of the Internet bubble, committing...
...system’s two proponents—Kramer and ABC analyst Terry Bowden—ask us what system would be better at determining a national champion...