Word: merck
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...strains of HPV have been linked to cervical cancer, but 70% of cervical tumors are caused by just two strains--HPV-16 and HPV-18. Koutsky and her colleagues focused on HPV-16. In their study, they inoculated 768 women with a prototype anti-HPV-16 vaccine developed by Merck Research Laboratories; an additional 765 women were injected with a placebo. Both groups carried on with their normal sexual activity. After an average of 17 months, not a single woman who received the vaccine developed an HPV-16 infection, while 41 of the women in the placebo group...
...over patent expirations and a 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...
...under investigation by the 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...
...lasting. A new TIME/CNN poll finds that fewer than one-third of Americans expect the economy to improve in the next year. It is not just that we have confronted in WorldCom the worst case of fraud in U.S. corporate history; today the bluest of chips, from Merck to General Electric, are being challenged about their bookkeeping. The perception of deception is so widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish...
That's not huge bucks for a company with $17 billion in revenues, as Halliburton reported in 1998. But scandals over what counts as sales took Xerox down a peg over the last year and have caught up with drug companies Merck and Bristol-Meyers Squibb. The Judicial Watch lawsuit alleges that Halliburton used the revenue-enhancement gimmick to ward off investor scrutiny as the company's financials deteriorated when the oil industry retrenched. Revenues fell anyway, to $12 billion by 2000, Cheney's last year in command...