Word: bayer
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Dates: during 2000-2009
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...meantime, the FDA is so concerned about the possibility of losing Cipro and similar drugs that it has asked pharmaceutical companies to stop selling them to poultry farmers. Bayer, which manufactures both Cipro and enrofloxacin, is contesting the idea, arguing that resistance levels have stabilized and can be managed...
...discovery. "We learned at the seat of the inventor of this technology," boasts technology group leader Bruce Taillon, "and showed him what would happen when CuraGen was set loose on it." The company stunned the biotech world in January, when it announced a 15-year, $1.4 billion deal with Bayer to develop drugs against obesity and diabetes. "CuraGen has a mastery of the genome," says CEO Jonathan Rothberg. "We needed a large drug company like Bayer to help us turn that mastery into a product...
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...
...producing unique signatures of proteins by tearing them apart and weighing the fragments--to detect drug targets rapidly. Its technology has won the company strong alliances with traditional drug firms, including a $450 million anti-inflammatory drug-development alliance with Aventis and a $465 million research agreement with Bayer. Millennium also has a $250 million partnership with Abbott Laboratories focused on metabolic diseases. Last month the pair announced that they were beginning clinical trials on a candidate drug against obesity...
...agreed to supply cut-rate antiretroviral medicines in Africa. Poor nations in the region had long said the high cost of the drugs was taking a toll in human lives. Their case was later bolstered when the U.S. and Canada, fearing terrorist anthrax attacks, pressured German giant Bayer to sell Cipro, its anti-anthrax drug, at a steep discount...