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...well but does not make an issue of that.) An academic study in 2001, partly funded by the drug industry, estimated that it costs an average of $802 million to bring a single new drug to market, though that number is disputed by consumer advocates. Says Alan F. Holmer, president of PhRMA: "Developing new medicines requires cutting-edge science, enormous investment of time and money, and willingness to commit those resources in the face of expensive failure after failure. None of this is compatible with price controls." But no one really knows how the money is spent. Indeed, the industry...

Author: /time Magazine | Title: Why Drugs Cost So Much / The Issues '04: Why We Pay So Much for Drugs | 2/2/2004 | See Source »

...opposing lobbyists have a slightly different spin. Proprietary medications can work better and sometimes protect consumers from potentially unsafe or ineffective generic compounds, according to Alan Holmer, president of PhRMA, a lobby for the brand holders. He derides Mylan's lobbying as "nothing more than a brazen attempt to deflect attention from the generic industry's embarrassment at its recent dramatic price increase and calls for antitrust investigations of their practices...

Author: /time Magazine | Title: Who's Really Raising Drug Prices? | 3/8/1999 | See Source »

...gunned down Prime Minister Olof Palme. The woman turned out to be a portrait artist, and last week she helped police assemble a composite sketch of the suspected assassin. Copies of the computer- enhanced likeness were immediately transmitted around the world by wire services. Said Stockholm Police Commissioner Hans Holmer: "This is the first witness who has given us a face...

Author: /time Magazine | Title: Sweden Vanishing Face on a Quiet Street | 3/17/1986 | See Source »

...week's end the sketch had produced no arrests. Danish police briefly detained two Yugoslavs after they crossed from Sweden to Denmark on a ferry, then released them. Commissioner Holmer revealed at a midweek news conference that his officers had followed up on 4,000 leads and interviewed 600 people. He also announced that the 120-officer team investigating the case was being expanded to 300, and that the police were offering an unprecedented $70,000 reward for information leading to the assassin's conviction. Said Holmer: "This is a murder that cannot be compared to any other...

Author: /time Magazine | Title: Sweden Vanishing Face on a Quiet Street | 3/17/1986 | See Source »

Later Sunday, Holmer told Swedish televison the bullets were 357-caliber Magnum projectiles, and that police believed they must have been fired from an American-made Smith & Wesson revolver, a powerful handgun...

Author: NO WRITER ATTRIBUTED | Title: Killer Surveilled Palme Before Shooting | 3/3/1986 | See Source »

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