Word: squibbs
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...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...
...conference was sponsored by Nature Genetics, Genomic Profiling Systems, Kaplan, Bristol-Myers Squibb, TAP Pharmaceuticals, MIT and Harvard...
Within a year or two, EntreMed and its partner in the project, Bristol-Myers-Squibb, will probably figure out how to make angiostatin in quantity. At that point the companies will have to apply to the FDA for permission to market them. But before the agency gives its blessing, the companies have to show that the medications work in humans, and that they don't have terrible side effects. Normally, that's a five- or six-stage process that can last 10 years or more...