Word: merck
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Dates: during 2000-2009
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...Statin Island I n the fight against heart disease, drugmakers last week hailed a British government decision to green-light over-the-counter-sales of the cholesterol-lowering drugs known as statins, the first such approval in the world. Starting in July, Zocor - made by U.S. pharmaceutical firm Merck, but marketed in Britain by Johnson & Johnson - will be available without prescription. A health boon? Perhaps, but with statins the most widely prescribed drugs in the U.K. - draining $1.2 billion from the National Health Service each year - the measure appears "motivated more by cost than clinical reasons," says Daniel Reynolds, spokesman...
IDENTIFY LIKELY WINNERS Gold stocks (Barrick, Newmont) and oil services and drillers (Anadarko, Schlumberger) tend to rise amid global turmoil. They also benefit from the kind of global expansion we're now seeing (led by China). Traditional safe-haven stocks like drugs (Pfizer, Merck), tobacco (Altria) and beverages (Anheuser-Busch) would hold up relatively well, and may come into favor anyway because they pay decent dividends...
...number of the health-care companies are attractive. I don't know whether we will have a national purchasing system of drugs. From my viewpoint, it's irrelevant. Drug prices would come down with controls, but usage would soar. That's the nature of the business for Pfizer and Merck, both of which I find attractive. I want companies that no matter what happens, they would be able to pay me my dividend. For a defensive play in housing look at REITs [real estate investment trusts]. They are up three years in a row, and everybody thinks they're done...
...deficit has spiraled from nearly $600 million in 1995 to more than $20 billion in 2002, the last year for which complete data are available. The trend is continuing. Singapore is on track to be a potential Ireland. Lured by tax breaks and other incentives, American drug giants like Merck are investing heavily in the Southeast Asian country. According to the Singapore Economic Development Board, Merck has invested more than $500 million to build two plants, which will produce the cholesterol drugs Ezetrol and Zocor...
...father/son crack appeared when senior said BSkyB will miss a goal of €575 revenue per customer. "We don't see any reason to change those targets," James retorted. Is that any way to talk to your FA - chairman? - By Mark Halper Stock Went Bipolar, Too U.S. drugs giant Merck called an end to clinical trials of its anti-depressant drug aprepitant - six years in the works - after tests showed it failed to treat depression effectively...