Word: scheringer
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SAFE HAVENS Dividend-paying stocks like drugmakers Merck and Schering-Plough and utilities (Consolidated Edison, Southern Co.) should do well as investors tiptoe back into the safest stocks they can think of. Consider a yield-oriented stock fund like T. Rowe Price Capital Appreciation, which recently yielded 2% and gained...
When German conglomerate Bayer announced late last year that it is seeking a majority partner for its drug business, speculation swirled that a rival pharmaceutical giant would snap it up. Bayer seemed attractive not for its illustrious past (the company launched the modern pharmaceutical industry with its 1897 invention of...
Finally, we are unconvinced that Ashcroft would consistently serve the public interest. He has been dubbed "the senator from Claritin" by the St. Louis Post-Dispatch for his efforts to help the drug's producer, Schering-Plough, evade patent limitations and keep low-cost generic versions off of the market...
Consider Claritin, the world's best-selling allergy drug, which is sold OTC in many nations. It costs about $17 a month in Canada. But in the U.S., Claritin requires a prescription and carries a $62 price tag. That's why Blue Cross of California has asked the FDA to...
A LONGER LIFE FOR GOLDEN DRUGS Major pharmaceutical companies will seek legislation to extend the patent life on their most valuable drugs. In the past, such giveaways were often inserted into unrelated legislation and covered a single drug or two. But this year, watch for heavy lobbying for the granddaddy...