Word: cipro
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...21st century, when everybody finds himself caught on the frontlines. The Commander in Chief alternated between private briefings on the progress in Kandahar and public statements that "I don't have anthrax." Vice President Dick Cheney was coordinating the battle and learning that his key staff members were on Cipro. When two postal workers died, Bush privately told people that he considered them casualties of war, just like the Rangers who had perished in Pakistan a few days before. Both wars became simultaneously more difficult and more disturbing, as the generals acknowledged that the Taliban was a tougher enemy than...
...even as demand soared, controversy erupted in the U.S. over the steep price of Cipro, which sells under different names across Europe. U.S. Secretary of Health and Human Services Tommy Thompson said negotiations were underway with Bayer to relax its patent on Cipro; the company wouldn?t comment. No wonder: a month?s supply of Cipro retails for a steep $350 in the U.S., while the generic version in India costs about $10. The Cipro patent has expired in Germany but will run until December...
...federal government has the authority to do so. Bayer sells its drug to the government for about $1.50 a dose, about one-third of the usual wholesale price. The Bush Administration has announced plans to spend $643 million increasing the nation?s drug stockpile, not only of Cipro, whose active ingredient is ciprofloxacin, but also of two other anthrax fighters, penicillin and doxycycline. Though they are much cheaper than Cipro, they are not as effective against genetically engineered anthrax...
...Cipro was introduced in 1987 as a broad-spectrum antibiotic useful in combatting urinary tract and respiratory infections. With $1.4 billion in sales last year, Cipro is Bayer?s biggest-selling drug. As the anthrax scare spread in the U.S., Bayer?s shares bounced up about 45%. But analysts caution that the anthrax fears will produce only a short-term benefit for Bayer. "We think that the upside from Cipro is full-priced into the share price," Deutsche Bank said in an e-mail to its clients last week...
...that meeting, the board also named the company?s chief financial officer, Werner Wenning, 55, to take over next April from Schneider, 62, who has been chairman since 1992. Analysts say Wenning might be more open to sales of assets - like the drug business - than Schneider. Though Cipro is a wonder drug, it clearly won?t solve all Bayer?s ills...