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Novartis has since fashioned itself as a health-care company, but its core business, which generated 63% of group sales last year, is branded pharmaceuticals, led by brands such as Diovan and Sandimmun. Vasella leaves the other units--including generic drugs, animal health, Gerber, the eye-care unit CIBA Vision and over-the-counter medicines--in the hands of trusted lieutenants. Novartis announced earlier this year that it will divest the unit that makes foods such as Ovaltine. Some analysts say Novartis could pick up its growth if it got rid of more of its noncore businesses. But Vasella argues...

Author: /time Magazine | Title: Drug Lord | 11/13/2007 | See Source »

...kids. "I think it's admiration," he says. Adam Wolff, also 38--with two kids and one on the way--ponders what it means to be a man. "Is my man-ness about being the breadwinner or being a good father to my kids or something else?" Michael Gerber, 36, father of a 7-month-old, asks, "Do you mean, Do we feel whipped...

Author: /time Magazine | Title: Fatherhood 2.0 | 10/4/2007 | See Source »

...It’d be good to see the very elite institutions, with the richest endowments, take the lead and create a ripple effect throughout higher education to make college more affordable for everyone,” Grassley said in a statement to The Crimson. Jill Gerber, Grassley’s press secretary, said it is unlikely that the Finance Committee will take immediate action on university endowments, even though the Senate is scheduled to address higher education tax legislation later this month. “It depends on the timing,” she said...

Author: By Cora K. Currier, CONTRIBUTING WRITER | Title: Harvard Rejects Endowment Regulation | 10/2/2007 | See Source »

...cash, $5.5 billion deal, Nestl will buy the Gerber baby-food business from Swiss pharma giant Novartis. The purchase catapults Nestl to the top of the U.S. baby-food market...

Author: /time Magazine | Title: Deals: Merger Mania | 4/26/2007 | See Source »

...story about possible financial improprieties in the pathology department of Tulane University's medical school, TIME reported allegations that the head of the department, Dr. Michael Gerber, may have faked his own death in an automobile accident. These allegations were made by persons involved in a lawsuit against Gerber. After further investigation by TIME and by Brill's Content magazine, we are convinced that Gerber and his wife died in the accident, and we apologize for any suggestions to the contrary. This correction was published November...

Author: /time Magazine | Title: DEAD WRONG? | 3/14/2007 | See Source »

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