Word: squibb
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Dates: during 1990-1999
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...such mishaps scarcely matter. Intel, Microsoft, Sun Microsystems, Bristol Myers Squibb, Fannie Mae and Wells Fargo, each up between fivefold and 75-fold, were in the mix, providing exposure to the hottest sectors of the decade: computers, banks and drugs. And that's the big lesson. If you're busy racking up commission and tax costs, always chasing hot stocks or funds, get a life. All you really need is a few good ideas and the patience to be waiting when one pans out. What about the next 10 years? Think Internet infrastructure (it will be built even if every...
Researchers at Bristol Myers Squibb and other biotechnology companies, however, say they are unable to reproduce the results, stirring some controversy over the validity of Folkman's methodology...
...certainly true, at least initially. Yet many of the recent breakthroughs have been paid for by U.S. taxpayers. AZT was discovered by the National Cancer Institute and given to Burroughs Wellcome (now Glaxo Wellcome). DDI was developed at the National Institutes of Health and licensed to Bristol-Myers Squibb...
...credit, Bristol-Myers Squibb has also taken the lead in philanthropy, with an offer to give $100 million to fight AIDS in five African countries over the next five years. A sizable chunk is earmarked to bring African doctors to the U.S. so they can be trained to carry out research and clinical trials back in Africa. But even that has raised a red flag among activists. "A lot of the companies are using the cheaper labor costs and the lack of ethical codes in developing countries as a way to get the trials done more cheaply and quickly," says...
...week a Taiwanese father-and-daughter business team is scheduled to be tried for paying a U.S. research engineer to pilfer manufacturing secrets from label maker Avery Dennison. Another Taiwan-based executive goes on trial in early April, charged with attempting to buy the secret formula for Bristol-Myers Squibb's cancer drug Taxol for $400,000--just one of many alleged plots to fleece R. and D.-rich pharmaceutical firms. Last spring a Gillette consultant went to prison for trying to market secret designs of the company's Mach3 razor to competitors such as Bic. And a small Maryland...