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...reverse its previous rejection of Zelnorm, a potential blockbuster remedy for sufferers of irritable-bowel syndrome--a condition for which there are few other treatments. Vasella also paid $876 million to acquire Slovakian pharmaceutical company Lek, the maker of such generic drugs as Amoksiklav, a substitute for GlaxoSmithKline's Augmentin antibiotic. The acquisition puts Novartis in position to challenge Israel's Teva Pharmaceuticals as the world's leading producer of generic drugs...

Author: /time Magazine | Title: Global Briefing: Global Briefing: Dec. 23, 2002 | 12/23/2002 | See Source »

...Southwest. That's what brought Marvin Bryan here. A feisty 73-year-old long-distance trucker and former reading teacher from Mesa, Ariz., he had heard about Nuevo Laredo's prescription-drug bonanza from his trucker pals. Clutching a plastic bag, he is pleased with his purchases, which include Augmentin, Proscar and that modern elixir, Viagra. Nearby, Bill Gibson picks up Tagamet, the stomach medication, for a mere $7.50--far less than the $62 he says he would pay back in Oklahoma City, Okla., "even though it's made by the same company as the stuff...

Author: /time Magazine | Title: Screaming For Relief | 11/22/1999 | See Source »

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