Word: pharma
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Dates: during 1990-1999
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Biotech companies are notorious for moving ahead with tests too quickly. But, Weisbrod notes, "that still doesn't account for this huge discrepancy." His top picks, too, expect to have drugs approved within two years: Biochem Pharma (hepatitis) and Centocor (blood clots). Another fan of companies with late-stage drugs is Evan Sturza, editor of Sturza's Medical Investment Letter, whose top picks are Aviron (flu), Gilead Sciences (HIV, hepatitis) and Sepracor (side effects from Prozac, Claritin and others...
Unknown startups like Amgen, Genentech, Genzyme and Biogen scrambled to harness the natural machinery for weaving proteins within each living cell. With the support of "big pharma," the giant pharmaceutical companies of the past, these startups rolled out scores of blockbuster drugs that addressed diseases like hepatitis and cancer in entirely novel ways...
Such Knowledge is critical for pharmaceutical companies, which must constantly seek out new drugs to interact with new targets to find new cures, and Millennium already has lucrative alliances with six members of "big pharma," including Monsanto and Eli Lilly...
...many days calling St. John's wort "a gentle remedy" and "a rival to Prozac." Pills and potions containing extracts of hypericum are selling briskly in supermarkets and health-store chains from New York to California. "We are stunned and pleased," says Karl-Heinz Siewert, managing director of Lichtwer Pharma, a Berlin-based company that markets hypericum under the brands Kira and Jarsin...