Word: squibbs
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...probably never met Myrtle Potter, but you may have taken some of the medicines she has marketed. At Merck in the early 1990s, her name became legend when she took charge of a struggling ulcer remedy called Prilosec and transformed it into a worldwide best seller. At Bristol-Myers Squibb in the late '90s, she worked the same magic on billion-dollar brands like Pravachol (for high cholesterol) and Glucophage (for diabetes). Today Potter, 44, is the COO of the world's No. 2 biotech firm, Genentech, where she's working to bring 20 drugs to market over the next...
...decade of prosperity has ushered in touches of Continental cosmopolitanism--and has attracted more and more American executives to visit the Irish outposts of such big American firms as Motorola, Intel and Bristol-Myers Squibb--yet Dublin remains the gentlest of Europe's capitals. Sure, some venerable fish-and-chips shops are offering cappuccino alongside fried cod, and a few pub menus are substituting bruschetta for bacon and cabbage. But wild deer still lope through Phoenix Park, the largest city park in Europe, and the pub keepers still draw a Guinness with the reverence and ritual of a Japanese...
More than 100 corporations, including General Motors, Bristol-Myers Squibb and British Airways, now release data on their environmental and social performance according to protocols spelled out by the Global Reporting Initiative, a collaboration of nonprofit organizations and companies based in Boston. In the 2001 report by Baxter International, a Deerfield, Ill., medical-products maker, the company detailed how reductions in energy and water use and improved waste disposal and recycling over the past seven years cut costs by $53 million last year. That savings amounted to nearly 10% of its 2001 net income...
...slim pipeline of new drugs. So the P/E for some has slipped below the market. "Pills are cheaper than hospitals," notes Bill Nygren, manager of the value-oriented Oakmark Fund. He expects the group to return to above-market growth. Among the cheapest are Merck and Bristol-Myers Squibb...
...Food and Drug Administration and the Justice Department over alleged manufacturing improprieties in Puerto Rico. The company denied any wrongdoing, but the market did not care. J&J's drop contributed 55 points to the Dow's Friday freak-out, and the company joins Merck & Co. and Bristol-Myers Squibb (which face sales-accounting questions) under investors' microscope...