Word: squibb
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Dates: during 1990-1999
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...that the agency's analysis was not yet complete and that in any case the 4-in-10,000 figure greatly overstated the risk. "We don't know where those numbers came from," she said. Still, the FDA applauded a decision by the implants' manufacturer, Surgitek, a Bristol-Myers Squibb subsidiary, to halt immediately the worldwide distribution of the products until the investigation was completed...
...claim that the leaders of the $1.5 billion formula business have unfairly boosted their prices 150% during the 1980s. Last week the state of Florida filed a lawsuit in federal court against the top U.S. formula makers: Abbott Laboratories (maker of Similac), American Home Products (Nursoy) and Bristol-Myers Squibb (Enfamil). The civil suit accuses the companies of fixing and inflating formula prices...
Spencer Neumann's recovery of a squibb kick which struck Kayode Owens on the ankle prevented the Big Red from taking over at mid-field. Lazarre-White continued to run the option successfully, helping the drive down to the Cornell 14-yard line. A third-down reception by Colby Maher kept the drive alive, and Matt Johnson's 11-yard run set the Crimson up in scoring position at the 13-yard line...
Last week a report from Bristol-Myers Squibb, the manufacturers of DDI, suggested that the skeptics may have been right. The report disclosed that of 8,000 patients who had been taking DDI for seven months under the FDA's "expanded access" program, 290 died. That was ten times the death rate found in Bristol-Myers' own controlled clinical trial, in which 700 patients have received DDI. The report raised concerns not only about the safety of the drug but also about the FDA's new liberalization program...
...boasted its share of non-U.S. giants, such as Switzerland's Ciba-Geigy and West Germany's Bayer AG, American firms average 40% of their sales outside the country. This year's three biggest drug-company mergers all involved U.S. companies. Bristol-Myers (1988 sales: $6 billion) joined Squibb of Princeton, N.J. ($2.6 billion); Philadelphia's SmithKline Beckman ($3 billion) merged with Britain's Beecham ($3 billion); Merrell Dow ($1.3 billion) of Midland, Mich., merged with Marion Labs ($752 million) of Kansas City. "Pharmaceuticals is the one industry in which the U.S. firms are the biggest and growing...