Word: merck
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...world today is one big capitalist playpen, and there are some pretty good companies in most corners of the globe. Want to invest in the world's largest pharmaceutical company? It's Switzerland's Novartis, not U.S.-based Johnson & Johnson or Merck. Have a taste for the planet's biggest food company? It's Netherlands-based Unilever, not home-baked RJR Nabisco or Sara Lee. Biggest farm-equipment maker? It's Japan's Mitsubishi Heavy Industries, not Caterpillar or Deere. Metal goods? Try France's Pechiney, not Alcoa...
Sources: Nature; American Academy of Pediatrics; DuPont Merck Radiopharmaceuticals...
...such a gamble? Gilmartin says Merck has a tradition of solid research. "Despite all the changes in the health care system, it is clear to us that what will make Merck strong in the future is the same as in the past," he says. He paraphrases company founder George Merck: "Medicines are for the people, and not for the profits...
...strong research efforts over the past decade are beginning to pay off. Crixivan, a Merck product, was one-third of the promising "drug cocktail" released last year to treat AIDS. Merck also released Fosamax, a treatment for osteoporosis, which affects one-third of all women over 60. This year, Merck has already introduced nine drug products, Gilmartin said...
With additional high-potential drugs in the pipeline, upcoming expiration on the patents for several best-selling Merck drugs doesn't worry Gilmartin, despite expected competition from generic brands. "Generics play an important role in controlling health care costs," he says. "We see them as a positive influence...