Word: chiron
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...says Viren Mehta, principal at Mehta Partners, a global health-care investment group. Few of them, however, are outside the U.S., and Europe's biotech industry, which is viewed even more nervously by investors, is already being cherry-picked by more confident and cash-rich U.S. companies. In May, Chiron bought out the U.K. vaccine company PowderJect for $886 million. And in June, Seattle-based Cell Therapeutics announced a deal to take over Novuspharma of Milan - Italy's last publicly-traded biotech company - for about $235 million in stock. Even this month's $80 million takeover of U.K. rival Vernalis...
Biotech firm Chiron has grown briskly in recent years, with last year's revenue up 14% over 2001's, to $1.3 billion. Yet its future looks uncertain; few of its new drugs are close to reaching market. So the firm, based in Emeryville, Calif., has made Pien, 45, its new CEO. Born in China and reared in the Bronx, Pien has run GlaxoSmithKline's international operations for two years and is expected to help Chiron extend its global reach. Analysts say his toughest task will be building up the product pipeline...
...buybacks are increasingly concocted to offset the potential dilution of mega-stock-option grants, which exploded in number in the '90s. The strategy is especially prevalent among tech companies, including Dell, Adobe and Autodesk. But others, including Citigroup and Chiron, do it too. The idea is to buy back enough stock so that when executives and employees exercise options, the company can deliver the stock without printing more...
...still manages to suggest the violence in some interesting ways--most notably the scene in which Tamora, Queen of the Goths, and her sons Demitrius and Chiron, seek audience with Titus: it's transplanted into Titus' bath, accentuating the play's obsession with human flesh. Indeed, as if to further this alternative method of presenting this obsession, nearly all of the principal characters at some point or other are at least partially undressed. However, music, sound and lighting, much more than the actual set, are used to evoke an eerie, faintly unearthly atmosphere, and do so effectively. This is more...
...trying to win sympathy. Nor do they strive for the kind of perfect diction and modulation one normally expects from performance of Shakespeare. Instead, they play up the wild distortions, creating a melange of half-bestial, half-diabolical passions. As the two unredeemable villains of the play, Demitrius and Chiron, Kelly Keough and Chuck O'Toole '97 are costumed and made up to resemble a cross between macabre spirits and S&M partygoers--an image reinforced, perhaps overdone, by slinking movements and exaggerated gestures. As their victim, Lavinia, Zimmett grows more like them in her thirst for revenge--which...