Word: merck
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Dates: during 2000-2009
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Pharmaceutical giant Merck & Co. announced a $1 million gift to the Harvard’s Molecular and Cellular Biology Department (MCB) last week...
Over the next five years, the Merck gift will fund three separate research initiatives...
...M.I.T. professor, he researched proteins that block HIV from healthy cells. At Merck he spearheaded the company's 2001 acquisition of Rosetta InPharmatics, a biotech company. Kim, 44, was recently named head of Merck Research Laboratories, which spent approximately $3 billion last year. Among its products in late-stage development: treatments for depression, diabetes and chemotherapy-induced nausea, as well as a vaccine to prevent cervical cancer...
...today.) He said research projects were being driven not by health questions but by financial considerations - a demand for blockbuster drugs to help pay for the 60% of drugs that don't return a profit. One result: an upsurge in marketing costs. In 2000 Merck spent $161 million promoting the arthritis remedy Vioxx, more than Pepsi spent advertising its soft drink. The big American drug giants in recent years have been outpacing European pharmaceutical companies, once the world's most successful. In 1990 Europe had the largest market share for drug sales, while today America has 47% of the market...
Counting experience over ambition, Potter spent her early career making lateral moves and rejecting promotion offers. In 1982 she visited Genentech's South San Francisco offices to interview for a lowly sales position. She didn't get it, went to Merck and never looked back--until two years ago, when Genentech wooed her with a million-dollar bonus...