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...deficit has spiraled from nearly $600 million in 1995 to more than $20 billion in 2002, the last year for which complete data are available. The trend is continuing. Singapore is on track to be a potential Ireland. Lured by tax breaks and other incentives, American drug giants like Merck are investing heavily in the Southeast Asian country. According to the Singapore Economic Development Board, Merck has invested more than $500 million to build two plants, which will produce the cholesterol drugs Ezetrol and Zocor...

Author: /time Magazine | Title: Why Drugs Cost So Much / The Issues '04: Why We Pay So Much for Drugs | 2/2/2004 | See Source »

...father/son crack appeared when senior said BSkyB will miss a goal of €575 revenue per customer. "We don't see any reason to change those targets," James retorted. Is that any way to talk to your FA - chairman? - By Mark Halper Stock Went Bipolar, Too U.S. drugs giant Merck called an end to clinical trials of its anti-depressant drug aprepitant - six years in the works - after tests showed it failed to treat depression effectively...

Author: /time Magazine | Title: Biz Watch | 11/16/2003 | See Source »

...quality dividend payers. Despite all their legal problems, I have looked at pharma. I still cannot help but look at the demographics in Europe, Japan and the U.S., which says we're going to be eating many, many more pills. The growth potential there is misunderstood. I like Pfizer, Merck, GlaxoSmithKline, Bristol-Myers Squibb...

Author: /time Magazine | Title: Board Of Money Managers: Investing in a Recovery | 9/15/2003 | See Source »

...notion that India's upstart pharmaceutical firms could be a threat to Goliaths such as Pfizer or Merck might sound as hard to swallow as cod-liver oil. India is the world's fourth largest drug producer by volume, but its fragmented industry of 20,000 companies is still stunted in terms of revenues. Last year, the total value of India's drug sales including exports came to $6.5 billion, less than the $8 billion Pfizer raked in from a single blockbuster product, its anticholesterol drug Lipitor...

Author: /time Magazine | Title: Prescription for Profits | 9/15/2003 | See Source »

...know what Kawasaki syndrome is? You would if you had a Merck Manual handy. The second edition of the comprehensive Home Edition just hit the New York Times best-seller list. A major rewrite of the original 1997 volume, it covers everything from lice to osteoarthritis and has 35 new chapters on such topics as herbal supplements, female sexual dysfunction and how to get the most out of a visit to your doctor. Hypochondriacs beware: "It's not a self-diagnosis book, and people who use it as such probably aren't using it as we intended," says assistant editor...

Author: /time Magazine | Title: Health: Who Needs Med School? | 7/7/2003 | See Source »

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