Word: ciba
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...drug business, reporting to the chairman of the conglomerate, Marc Moret--his wife's uncle. Vasella applied the lessons he had learned while managing Sandostatin to all the company's drug-development efforts. When Sandoz announced in 1996 that it would merge with its rival across the Rhine, Ciba-Geigy, Vasella was named CEO of the new company...
...provoked dark mutterings of nepotism, especially in light of his rapid rise. But that was unfair, says SG Cowen analyst Peter Laing. "To anyone who followed the company at the time, Dan was the live wire. He had the most international outlook, and there really wasn't anyone at Ciba to challenge...
...many critics, though, the key problem with SSRIs is that they are too widely - and casually - prescribed. When the first antidepressant, imipramine (Tofranil), was developed just over 50 years ago, maker Ciba-Geigy balked at taking it to market for fear there weren't enough depressed people in the world to make it profitable. The wisdom of the time was that endogenous depression affected, at the most, about 1 in 1,000 people at some time in their lives. Things have changed. Groups such as beyondblue now promote the idea that about 1 in 5 people will become depressed during...
...help Levy's mother, who died in 1996, it has passed muster with a scientific advisory panel to the U.S. Food and Drug Administration. Last week the panel recommended that the FDA approve Visudyne as a treatment. If the agency agrees, the drug, which would be marketed by CIBA Vision, could be available in the U.S. early next year...
BASEL, Switzerland: A year after its rivals Ciba Geigy and Sandoz combined to create the world's largest drug company just across town, Roche Holding is looking to catch up. Monday, the Swiss giant announced it will buy holding company Corange Inc. for $11 billion in a deal that will boost Roche's drug operations from tenth place to sixth in the worldwide medical diagnostics market. Roche will assume Corange's holdings in Germany's Boehringer Mannheim, a market leader in cardiovascular and cancer treatments. It will also gain an 84.2 percent stake in DePuy, a Warsaw, Indiana-based manufacturer...