Word: beecham
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...providing its first access to Europe's coveted discount-airline market. Meeting Of The Minds Imperial College London must have expected big things when they made Richard Sykes a rector. As CEO of Glaxo Wellcome, he helped create the world's second-largest drug company by merging with SmithKline Beecham. His follow-up? Last week he announced plans to merge Imperial College with University College London, creating a huge new institution that would dwarf Britain's other leading universities. Feta Accompli? In the latest decision to give geographic protection to food, the European Commission ruled that the label feta...
SmithKline Beecham, now part of GLAXOSMITHKLINE, anticipated BRISTOL-MYERS SQUIBB's acceleration of its anticancer drug Taxol, in part because Bristol-Myers Squibb took a curious interest in amending the Endangered Species Act to enable more harvesting of the yew tree, whose bark produces the active chemical agent in Taxol. SmithKline's suspicions were strengthened in the early '90s when it noticed an increase in the number of oncology positions listed in help-wanted ads run by its competitor in trade papers. Bristol-Myers Squibb had also told financial analysts it was investing more money in its oncology unit...
Last year one of these highly refined derivatives became the first so-called secretase inhibitor to enter clinical trials with Alzheimer's patients, and others seem sure to follow. In fact, not just Bristol-Myers Squibb but also Amgen, Elan Pharmaceuticals, Eli Lilly, Merck and SmithKline Beecham are racing to develop similar compounds. The reason? Over the past five years, an explosion of insights into the genetics of Alzheimer's has bolstered confidence that gamma secretase and a related enzyme called beta secretase are not innocent bystanders but rather are intimately involved in the disease process...
...Pravachol's sales, justifying Bristol-Myers' push for OTC too. An added benefit: a switch could give the maker exclusive selling rights on the drug for three more years. That's why medicines like the hair-loss treatment Rogaine (owned by Pharmacia Corp.) and the heartburn reliever Tagamet (SmithKline Beecham) moved from prescription to OTC before their patents expired. Although prices fall, unit volumes usually increase, removing some of the sting...
Peter M. Howley, chair of the HMS department of pathology, says HMS lab research is often supported by large corporations such as Smith-Kline Beecham or Glaxo Wellcome. Professors are often testing new treatments in which such firms have a vested interest...