Word: phen
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Dates: during 2000-2009
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...Bristol Myers Squibb and American Home Products are his favorites. Drug analyst Barbara Ryan of Deutsche Banc Alex. Brown concurs: she says estimates for Bristol's earnings are too low--she's penciling in 13% or 14% annually over the next three years. And now that the fen-phen fiasco is behind American Home, she says, the company can concentrate on drugs like Enbrel for rheumatoid arthritis...
...supersize awards didn't just make victims and lawyers rich. They also got corporations to take notice--and to change their conduct. The Ford Pinto, alleged to be prone to erupt in flames after rear-end collisions, was taken off the market. Drugs with severe side effects, such as "phen-fen," were yanked from pharmacy shelves. A $1.8 million verdict in 1980 on behalf of a four-year-old girl who had been badly burned in 1970 persuaded a manufacturer to stop making flammable pajamas--and helped spur more rigorous federal regulations on children's sleepwear...