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Enter Barrett. Before being hired to head Cardinal's drug-distribution business in early 2008, Barrett ran the North American operations of Teva, one of the world's largest generic-drug manufacturers. Barrett immediately focused on luring back independent-pharmacy customers, which are more profitable and rely on wholesalers for generics. The first step was to reopen all supply channels by paying $34 million to settle the DEA's allegations surrounding the firm's role in filling fake prescriptions. Then Barrett narrowed Cardinal's sources for generics from 120 to a few dozen to ensure that it could consistently offer...

Author: /time Magazine | Title: Prescription for a Turnaround | 2/15/2010 | See Source »

...other side has resources of its own. The biggest generic-drug company, Teva Pharmaceuticals, has spent more than $2 million on lobbying and also sponsored academic work on the issue, aiming to disprove Duke's Grabowski. Generic-drug manufacturers are allied with such powerful organizations as AARP, labor unions, insurance companies, health-maintenance organizations and health-reform advocacy groups. There will be fights on the House and Senate floors and ultimately a House-Senate conference committee, on which Waxman will be a key voice. "The war is not over," he has warned. "If you know me at all, you know...

Author: /time Magazine | Title: How Drug-Industry Lobbyists Won on Health-Care | 10/22/2009 | See Source »

...investments listed on the previous quarter’s filing sold off. Notable new equity investments include $9.7 million worth of shares in Rupert Murdoch’s media giant News Corp.; $16 million in China Mobile, the world’s biggest wireless-phone carrier; $13 million in Teva Pharmaceutical, the world’s largest generic drug maker; and $3.5 million in Sprint Nextel Corp.The increasing emphasis on emerging market equity has likely helped hedge against dramatic declines in the domestic stock market. While the S&P 500 fell 12 percent from Dec. 31 to March...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HMC Reshuffles Equity Investments | 5/17/2009 | See Source »

...headquarters to some of the world's biggest drug companies, including U.S. companies Pfizer and Johnson & Johnson, Britain's GlaxoSmithKline, Anglo-Swedish giant AstraZeneca, and Sanofi-Aventis of France. The other companies known to be raided were Wyeth, Merck, Bayer Schering Pharma and Roche, as well as generic firms Teva and Sandoz...

Author: /time Magazine | Title: Big Pharma Faces a Crackdown in Europe | 11/28/2008 | See Source »

...raids, early on Wednesday, were launched from Brussels to investigate whether big drug companies were fixing the market to squeeze out copycat medicines. They included forays on Pfizer, Merck, Bayer Schering Pharma and Roche as well as generic firms such as Teva and Sandoz. Hours later, with almost ironic understatement, the E.U. competition watchdog said it had merely launched a "sector inquiry into pharmaceuticals with unannounced inspections...

Author: /time Magazine | Title: EU Raids Target Drug Firms | 1/17/2008 | See Source »

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